Wall Street Memes hits $18 million in presale

The concept of a cryptocurrency encounters the community for the first time in advance sales. The crypto project now needs to deliver the proof-of-concept so that it can generate demand from investors. Wall Street Memes seems to have succeeded in this so far. The new memecoin WSM has now raised $18 million in capital.

Still, this seems to be just the beginning of a long journey for Wall Street memes. The team aims for ambitious goals according to the roadmap. After all, Wall Street Memes (WSM) wants to achieve a market capitalization of over one billion US dollars in the medium term and position itself at the forefront of the memecoin market segment. But can this succeed?

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Timelessness: Wall Street Memes is not a passing hype

Memecoins without a fundamental use case are primarily driven by hype, attraction and vision. There are usually no clear economic applications and no long-term benefits. Rather, investors get to memecoins through internet phenomena and strong communities. Such memecoins can temporarily gain popularity, but without any real added value, they can also quickly fade into obscurity when interest wanes or mood turns. It is therefore imperative that memecoins create a timeless appeal for sustained success. This is probably the team’s greatest challenge.

The spirit behind WallStreetBets, GameStop and Wall Street memes is timeless as it embodies the idea of ​​collective action and the empowerment of individuals over established financial institutions. This trend could exist because it uses the democratic possibilities of the Internet and questions the balance of power in the financial world.

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Airdrop campaign makes HODLN more attractive

Airdrop campaigns have recently become more popular in the crypto market as they offer various advantages. Many crypto investors are looking for airdrops. These promote the awareness and spread of a new cryptocurrency by distributing free tokens to a broad user base. Airdrops can act as an incentive for existing holders to hold their coins to take advantage of potential rewards.

According to Tokenomics, Wall Street Memes has reserved 30 percent of the total supply for community rewards. Airdrops should therefore accompany the Wall Street Memes Coin in the medium term and reward holders who decide to HODLN WSM.

Insider dumps, a rug pull or continuous dilution through token unlocks – the concerns of many crypto investors are great when it comes to new presales or existing projects showing a clear discrepancy between current market capitalization and fully diluted valuation.

In the medium term, 100 percent of the WSM tokens will become the property of the community, while the team deliberately refrained from a private presale. Of course, caution and thorough analysis accompany investors in the memecoin market segment, which also involves greater risks.

50 percent of the tokens are sold in the presale. Another 30 percent is intended for the said airdrops, while 10 percent of the total supply was reserved for liquidity on the CEX and DEX.

Only time will tell how the Wall Street Memes Coin will be accepted by the market after the pre-sale. The community seems to find the concept exciting. Meanwhile, the presale has reached $18 million. Additionally, the vision, potential airdrops, and fundamentals make Wall Street Memes a project memecoin-interested traders may want to take a closer look at in July 2023.

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