Amid the recent surge in meme coins that saw the likes of Pepe gain over 7,000%, a new cryptocurrency for Wall Street Memes (WSM) has stepped into the spotlight.
Over the past month, when most cryptocurrencies have slid amid market uncertainty, Wall Street Mimes It raised over $10 million during the pre-sale.
This highlighted the potential of the project and the strong support it is getting from its community, which has a million followers across various social media platforms.
The token was developed from the same creators of the Wall St Bulls NFT group, which is soon to be It sold out within 32 minutes after it was launched on Ethereum.
The team’s understanding of cryptocurrency trends has improved since then, leading to the successful launch of Bitcoin Ordinals NFTs and now, Wall Street Mimes (WSM) meme coin. This aligns well with the current market inclination towards meme coins.
The Wall Street Memes white paper highlights that the token aims to fuse memes with blockchain to disrupt the modern financial landscape through the power of community.
The project believes that memes can connect people, inspire new ideas, and question established norms. By harnessing the power of decentralization, Wall Street Memes aim to create a movement designed to return control to its rightful owners – the people.
Wall Street Memes: The community-backed meme icon that has already raised $10 million
In the first day after the launch of the project, the WSM token raised more than $300,000, and just four weeks after its launch, it has now attracted more than $10 million, showing huge interest from investors.
Given the current rate of expansion and strong financial backing, the WSM token could become an attractive option for large cryptocurrency exchanges, including leading ones.
The WSM token is currently in pre-sale, priced at $0.0301 during phase 18 of 30. While it is inherently risky, pre-sale brings great returns, especially when a strong community supports the project.
Wall Street Memes has a solid community base of 1 million followers spread across various social media platforms, which reaffirms the strong support for the token and its potential.
Why should buyers consider WSM?
Apart from the thriving community, the platform has also attracted the attention of influential figures like Elon Musk, who has done so Share tweets with Wall Street Memes on multiple occasions.
It is well known how Musk’s tweets previously caused the price of meme coins like Dogecoin to skyrocket and his interaction with the platform could be good for WSM, helping the coin gain more followers.
WSM token distribution emphasizes the project’s community-centric approach. Of the total supply of 2 billion tokens, 50% is allocated to pre-sales, 30% to community rewards, and 20% to exchange liquidity.
Notably, no allocation was made to the team, indicating project transparency and commitment to ensuring a ‘rug-pull’ scenario.
Furthermore, Wall Street Memes announced that Huge airdrop for pre-sale investors. By participating in the project’s social media channels and completing simple tasks, five lucky winners will stand a chance to win $50,000 worth of WSM tokens.
Strategic growth and potential for Wall Street
The Wall Street Memes Project sets an ambitious goal, aiming to disrupt the traditional financial landscape and democratize investing through the power of memes.
A clear roadmap for achieving this has been laid out, with the journey divided into three parts: incorporation, launch, and community empowerment.
The WSM token growth roadmap consists of three phases – the first phase is establishing a strong community and secure smart contract, along with the initiation of a branding campaign.
The second phase includes the launch of the WSM token, strategic partnerships, and listings on multiple exchanges. The final stage aims to empower the community and strive to list shares on first-class exchanges.
Many analysts also point out that a dedicated and lively community, strong brand and timely entry into the meme coin market make WSM a potential. The next huge crypto meme.
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