Wall Street Memes, a retail investing community that emerged in 2021, has achieved a significant milestone with its presale of the $WSM token reaching $15 million. The movement gained traction as small investors united against Wall Street, becoming a powerful force in the world of retail investing. With a massive following of 1 million across various social media channels, Wall Street Memes is poised to launch the next viral meme coin. Analysts predict that $WSM has the potential to rival popular meme coins like Pepe, Shiba Inu, and Dogecoin.
The Strong Support for $WSM
The impressive rate at which the $WSM presale is raising funds demonstrates the crypto-investing community’s confidence in the project. Currently priced at $0.0316, the tokens are expected to increase to $0.0319 once the presale reaches $15.44 million. Investors seeking promising low-cap investments should take note of Wall Street Memes’ track record of quickly selling out digital asset launches. The $WSM presale has already surpassed the successful mint of the Wall Street Bulls NFT collection, which generated $2.5 million and sold out in just 32 minutes.
The Birth of Wall Street Memes
Wall Street Memes originated from the movement in 2021 where retail investors joined forces to challenge major financial institutions by driving up the prices of heavily shorted stocks such as GameStop and AMC. Although they didn’t overthrow institutional investors, this movement forced the closure of Melvin Capital hedge fund. Wall Street Memes aims to tokenize this movement through the launch of its $WSM token, leveraging its expertise in building brands in the new age of finance.
The Attention and Support for Wall Street Memes
The influence of the Wall Street Memes investing community has even caught the attention of Elon Musk, the world’s richest man and most followed person on Twitter. Musk has replied twice to tweets from Wall Street Memes, indicating that someone he follows on Twitter is connected to the community. This recognition from a billionaire like Musk highlights the growing prominence of Wall Street Memes.
With a widespread community backing across various internet platforms, Wall Street Memes’ $WSM token is likely to attract more attention than other meme coin releases. The project’s ability to raise $15 million already reflects this attention. Wall Street Memes is dedicated to empowering small investors, as evidenced by the allocation of 100% of the $WSM token supply to its community. There are no behind-the-scenes private sales or team allocations, making it one of this year’s fairest presales.
The presale offers 50% of the token supply for purchase, with funds allocated to high-level marketing efforts. Additionally, 30% is dedicated to community rewards, 10% for CEX liquidity, and 10% for DEX liquidity. The allocation of 30% to community rewards suggests that airdrops to holders will play a significant role in the ecosystem. Wall Street Memes is already running a competition for a $50,000 $WSM airdrop, further engaging its investors.
Industry analysts and crypto influencers have high expectations for $WSM. Jacob Crypto Bury, a popular British crypto presale analyst, believes $WSM has the potential to be a 10x meme coin. Other influencers like Michael Wrubel, CryptoWendyO, and Cilinix Crypto also endorse the coin. If $WSM were to achieve 10x gains from its listing price of $0.0337, its market cap could reach $674 million. Some analysts even suggest that $WSM could rival major meme coins like Dogecoin and Shiba Inu, which have market caps of around $8.5 billion and $4 billion, respectively. A 100x gain to a market cap of over $6 billion is not out of the realm of possibility.
Investors looking to capitalize on potential price increases should consider participating in the $WSM presale to secure their tokens at the best possible discount. $WSM can be purchased on the Ethereum blockchain and BNB Smart Chain using ETH, BNB, or USDT. Connecting a crypto wallet on the wallstmemes.com website allows users to make their purchase. With a strong community, social media presence, and support from influential figures like Elon Musk, Wall Street Memes’ $WSM token is positioned for success in the world of meme coins.