Amid the recent surge in meme coins that saw Pepe gain over 7,000%, the new Wall Street Memes (WSM) crypto meme has entered the spotlight.
Over the past month when most cryptos have fallen amid market uncertainty, Wall Street Memes raised over $10 million in its pre-sale.
This highlighted the potential of the project and the strong support it enjoys from its community, which has a million followers on various social media platforms.
The token was developed by the same creators of the Wall St Bulls NFT collection, which quickly sold out within 32 minutes of launch on Etherum.
The team’s understanding of crypto trends has only improved since then, leading to the successful launch of NFT Bitcoin Ordinals and, now, the Wall Street Memes (WSM) same coin. This fits pretty well with the current market tilt towards meme coins.
The Wall Street Memes white paper highlights that the token aims to merge memes with blockchain to disrupt the modern financial landscape through the power of community.
The project believes memes can connect people, inspire new ideas and challenge established norms. Harnessing the power of decentralization, Wall Street Memes aims to create a movement designed to return control to its rightful owners – the people.
Wall Street Memes: community-supported meme token that has already raised $10 million
In the first day of the project’s launch, the WSM token raised over $300,000, and just four weeks after launch, it has now attracted over $10 million, showing significant interest from the part of investors.
Given its current rate of expansion and strong financial backing, the WSM token could become an attractive option for major crypto exchanges, including major platforms.
The WSM token is currently in the presale stage, priced at $0.0301 during stage 18 of 30. Although inherently risky, presales generate substantial returns, especially when a strong community is supporting the project.
Wall Street Memes has a strong community base of one million followers spread across various social media platforms, reaffirming the token’s strong support and potential.
Why should buyers consider WSM?
Along with a thriving community, the platform has also caught the attention of influencers like Elon Musk, who has engaged with Wall Street Memes tweets Many times.
It is well known that Musk’s tweets have already driven the price of coins like Dogecoin massively higher and his engagement with the platform may well turn out for WSM, helping the coin gain even more followers.
The distribution of the WSM token underscores the community-centric approach of the project. Of the capped supply of 2 billion tokens, 50% was allocated to presale, 30% to community rewards, and 20% to exchange liquidity.
Notably, no allowance was made for the team, indicating that the project’s transparency and commitment to ensuring a “rug pull” scenario is out of the question.
In addition, Wall Street Memes announced a mass drop for pre-sale investors. By participating in the project’s social media channels and completing simple tasks, five lucky winners will have a chance to win $50,000 worth of WSM tokens.
The strategic growth and potential of Wall Street memes
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 has been laid out to achieve this, with the journey divided into three parts: founding, launching and community empowerment.
The WSM token’s growth roadmap includes three phases – the first phase establishes a strong community and a secure smart contract, alongside the launch of a branding campaign.
The second phase involves the launch of the WSM token, strategic partnerships, and listings on multiple exchanges. The final phase is aimed at community empowerment and finding listings on leading exchanges.
In addition, many analysts point out that a dedicated and vibrant community, strong brand, and timely entry into the meme coin market make WSM a potential next huge crypto meme.
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