Wall Street memes are going viral

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Despite their risks, memecoins are popular with investors because they promise high returns and can quickly gain popularity through viral marketing and social media. Their appeal often lies in their humorous or playful nature, which appeals particularly to younger investors. Memecoins also offer a low-threshold opportunity to enter the crypto market. The opportunity to achieve above-average returns quickly attracts many investors, even if this inevitably involves high risks. Investors should always make this clear to themselves, because the interaction between return and risk is widely known.

Of course, an investment should always be preceded by careful due diligence. Nevertheless, here is an idea for memecoins that are currently holding their successful presale. Wall Street Memes (WSM) is now well-known to savvy investors as the pre-sale raised over $25 million.

Wall Street Memes (WSM)

Wall Street Memes (WSM) has a strong and engaged community of over a million followers on social media. This community, which has existed for some time, identifies with the vision behind WSM. Such a community is key as it drives adoption of the token. It is also worth noting at this point that Wall Street Memes did not conduct a private pre-sale and no tokens were distributed to the team. This reduces the risk of dilution by insiders.

This practice ensures a level playing field for all investors looking to invest in Wall Street memes. 50% of all tokens are offered in the presale. Wall Street Memes is a memecoin whose value and acceptance is driven by the community. Since the community behind WSM is already established and engaged, the coin offers an exciting setup.

Another facet that is currently generating demand is likely to be the stake-2-earn mechanism, in which early investors can already lock their tokens in the staking contract in order to then generate passive income. This may on the one hand drive demand and on the other hand reduce selling pressure as WSM’s HODLN becomes more attractive as 30% of all tokens for WSM holders have been reserved as rewards.

Wall Street Memes pre-sales have now raked in over $26 million. The advance sale is now in the final phase. In just over a month, the initial listings will be done, so FOMO could continue to meet WSM.

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Memecoin is generating strong interest

The strong presale interest already shows significant demand for the token and could be an indicator of continued demand after presale ends and in public trading. This early commitment from investors can be taken as a positive indication of the future potential of the project.

Of course, such a demand in the presale is no guarantee of price gains after the ICO. However, the newly introduced staking should significantly reduce the tradable supply thanks to attractive APY, so that increasing demand can in turn have a more bullish effect on the price.

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