- Wall Street Memes has raised $13M in presales, showcasing strong community support.
- The creators of WSM are known for their successful Wall St Bulls NFT collection.
The meme coins season continues to dominate the cryptocurrency market, with new meme coins every month. The new cryptocurrency called “Wall Street Memes (WSM)” emerged as a recent standout player in the crypto community. In just a month, the community-focused meme coin has raised an impressive $13 million in presale, solidifying its strong community backing and grabbing the attention of major crypto exchanges.
Following the PEPE coin frenzy, which attracted crypto investors with a significant return, the journey of Wall Street Memes began. The meme coin secured about $300,000 on its first day of sales. Over the following month, this figure skyrocketed to an astonishing $13.1 million, indicating a remarkable level of investor trust and enthusiasm for the project.
Wall Street Memes Current Status (Source: wallstmemes)
Wall Street Memes (WSM) Emergence
WSM’s creators, renowned for the successful Wall St Bulls NFT collection that sold out within 30 minutes of its launch, responded to market demand by launching this new meme coin. However, Wall Street Memes draws inspiration from the GameStop saga. Also, it aims to challenge traditional financial structures through the power of memes.
Further, Wall Street Memes is an ERC-20 token with a maximum supply of 2 billion. To kick off, the project has allocated 50% of its token supply for a presale event. This distribution strategy has garnered significant interest. As it provides early supporters with an opportunity to acquire WSM tokens before they become publicly available.
Additionally, 30% of the token supply has been reserved for community rewards, further incentivizing participation and fostering community engagement. The WSM token’s current price is $0.031 per token.
Moreover, the rapid growth of Wall Street Memes has positioned them as a promising prospect for major crypto exchanges, including industry giants like Binance. With meme coins like Pepe and Shiba Inu showcasing significant price growth in recent months,WSM’s explosive entry into the market demonstrates the ongoing popularity of meme-based cryptocurrency (PEPE 2.0 and SHIB 2.0).
