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The new memecoin Wall Street Memes has already raised well over $23.5 million in presale. Recently, not only the strong tokenomics or the viral concept seemed attractive. At the same time, on-chain data revealed that crypto whales are now also investing in Wall Street memes. Because this whale invested almost $850,000 in WSM in just a few minutes, as shown in the screenshot below.
Although Bitcoin price continues to consolidate and the new bull market is yet to unfold its full impact, Wall Street memes are showing relative strength. 23.5 million US dollars in presale are not nearly granted to most projects. With a large community that includes more than a million people across the various social networks, Wall Street Memes wants to achieve great things. The team behind WSM states 1 billion US dollars as their target market capitalization on the website.
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Wall Street Memes brings the “GameStop” spirit to the crypto world
GameStop, once a struggling video game retailer, has become the center of an unprecedented financial phenomenon – fueled by the Reddit community WallStreetBets. This group of retail investors coordinated to challenge institutional short sellers and boost GameStop’s share price. It was seen not only as a financial movement, but also as a protest against the traditional financial system and the power of big hedge funds. The vision symbolizes the rise of the “retail investor” and the democratization of the financial markets.
This timeless request is now to be transported to the crypto world. With parallels to Wall Street bets, the large following and humorous entertainment, Wall Street Memes wants to unite individual investors and offer every investor the opportunity to benefit from this development.
Memecoins are often driven by viral trends and social media. The community plays a key role as their enthusiasm and engagement drives value and acceptance. A strong community can generate hype, build trust and ensure the sustainability of the coin. And that’s beyond its original meme nature.
With over a million followers on social media, Wall Street Memes has a competitive edge. Because many memecoins have to slowly try to find followers and build the community laboriously and time-consuming. At Wall Street Memes, the community already exists and continues to grow during the presale. The official Twitter account already has around 260,000 followers. At the beginning of the presale, it was just over 200,000, which means that WSM can continue to expand its awareness.
Crypto influencers also make a significant contribution here and spread Wall Street memes. With the increasing raising capital, a broad-based marketing campaign should also be launched after the ICO so that Wall Street memes do not disappear from the focus of the dynamic memecoin world in the near future.
Investors can already participate in the new memecoin WSM with 50% in the presale. The other 50% of the tokens will be spent as follows – 30% community rewards, 10% CEX liquidity and 10% DEX liquidity. This results in two advantages:
On the one hand, airdrops should be an inherent part of the life cycle of WSM. 30% of the community rewards will be distributed over time, with a first giveaway already taking place during presales. This is an enticement to HODLN and could reduce selling pressure.
On the other hand, the liquidity ensures smooth, price-efficient trading after the launch. The waiver of insider allocations and a full provision for the community show the claim of WSM. Finally, Wall Street memes referred to themselves Twitter (now X) as the #1 crypto community memecoin.
Wall Street Memes wants to establish itself as a memecoin. In order for this to really succeed, WSM must position itself as a memecoin project for retail traders, further expand awareness and ensure sustainable dynamics in the community. Because the strong fundamental data, the growing community and the commendable vision of a democratization of finance testify to fundamental potential.
A look at the website, white paper and social media profiles is a must for independent due diligence, including weighing up the opportunities and risks, in order to get a holistic impression of WSM.
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