As the on-chain fervor continues to dominate DEX markets, the surprising rise of Pepe (PEPE) – a derivative of the original Pepecoin – has seen a staggering increase of +10,000%.
Mirroring the trajectory of Pepecoin (PEPE), which saw an impressive ascent to a $1bn market cap in May, Pepe has emerged as a subsequent meme coin enjoying significant attention.
Yet, underlying this meteoric rise is a deep-seated community concern over the questionable decisions made by the original Pepecoin team. This includes the reduction in the multi-signature wallet requirement to a mere 2/8 signatures and large movements of Pepecoin on the chain.
Pepe’s astonishing +10,000% jump has outpaced the already notable +7,000% surge of its Pepecoin forerunner.
PEPE Price Analysis: Will Pepecoin Spin-Off Token Survive and Thrive?
Introduced at the stroke of midnight on August 25, Pepe witnessed an immediate buzz right out of the gate, skyrocketing a whopping 4,550% during its first 6 hours on the market.
However, this initial wave of enthusiasm soon waned, and the subsequent 72 hours were marked by intense price fluctuations. Investors were adamant about defending the newly established support level at $0.0025.
After solidifying its position at this support, Pepe’s value saw another dramatic surge on August 28, thanks to a massive $23 million trading volume injection into the venture.
This surge set off a spectacular rally, with its value shooting up an additional +950% in the next day, leading to a total profit of an astonishing +12,000% for those who backed it early.
A whirlwind of 14.9k transactions propelled Pepe’s market cap to a substantial $21.5m. With the price reaching a local peak of $0.051, many investors seized the opportunity to cash in, leading to a swift -72% decline, bottoming out at $0.013.
Despite this drop, the resolve of the bag-holders hasn’t waned. Currently, a tug-of-war ensues around the $0.025 price mark.
The buying momentum remains robust, accounting for 56% of transactions in the recent 6-hour span. However, while bag-holders stand their ground, savvy investors are shifting gears, moving funds from DEX markets to what’s being touted as the most anticipated meme coin presale of 2023.
$WSM CEX Launch: 30 Days Until Biggest Meme Coin Launch of Summer 2023
Over the recent months, Wall Street Memes has established itself as one of the premier meme coin presales of 2023. Remarkably, its seed funding phases have successfully garnered an impressive sum of over $25m from its early supporters.
With the enthusiastic backing of a massive community, exceeding 1 million members, there’s considerable anticipation around this standout project. The widespread belief is that Wall Street Memes is primed for significant growth, especially as it gears up for its Centralized Exchange (CEX) debut in under a month. Let’s delve deeper to understand the reasons behind this optimism.
Deep-Dive: Why is Wall Street Memes Expected to Explode?
Reflecting its meteoric rise, the $WSM token community now boasts a staggering one million members. Its presale has not just met but significantly surpassed expectations, raking in over $25 million, thereby cementing its position as 2023’s most prominent meme coin presale.
This enormous accomplishment is almost unparalleled, especially for meme coin ventures that haven’t even debuted on the DEX markets yet. As a result, the investor community is abuzz, with many pinpointing the project as the go-to choice for the most anticipated coin CEX launch in Q3 2023.
Paying tribute to the rebellious spirit of investors who once challenged Wall Street’s traditional institutions, $WSM seeks to encapsulate and monetize the impassioned sentiment of the Wall Street Bets community. The coin’s vision isn’t just to symbolize the anti-establishment ethos, but also to reshape how we understand and appreciate digital value.
A significant draw for potential investors is its appealing entry price of merely $0.0337. This attractive price point, coupled with the meteoric presale that secured $25 million, has been a magnet for thousands of early enthusiasts.
Adding to the allure is a distinct advantage for early birds: a built-in bonus of +30% for those who invested during the presale, signaling a potentially lucrative opportunity as $WSM takes its place in the market.
Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype
Highlighting the buzz surrounding this meme coin, a prominent crypto whale made a whopping $1 million investment in Wall Street Memes’ $WSM presale earlier in August. Could it have been Elon Musk himself?
The enigmatic whale’s address snapped up $WSM through five separate transactions. These amounted to a sum of 460 ETH, which, at the time, held a value of $840,000 – all within a mere six-minute window.
That wasn’t the end of it, though. An additional purchase of 93 ETH originated from the same wallet just two weeks prior. Cumulatively, this mystery investor has pumped $1 million into $WSM.
Such hefty investments from a crypto heavyweight underscore the faith and confidence in Wall Street Memes, signaling its potential for impressive returns.
Wall Street Meme’s Million Strong Community and Moon-Shot Tokenomics
Staying true to its foundational anti-establishment ethos, $WSM is allocating a significant 30% of its token supply for community rewards. Furthermore, 20% is designated for liquidity, with the remaining half available during the presale. This project is truly shaping up as a democratic endeavor designed for the broader public.
This decision to abstain from any team split has catalyzed the project’s virality on social platforms. The Wall Street Memes community has witnessed a surge, now boasting an impressive community size of over a million followers.
Such monumental community traction is bound to catch the attention of major CEX platforms, including Gate.Io. This could set the stage for a phenomenal ascent for the $WSM token.
Adding to its allure, Wall Street Memes introduces an innovative staking mechanism, promising a staggering 282% APY. This strategy not only encourages long-term holding but also signals the token’s tremendous potential.
The project’s credibility is further reinforced by the past success of the Wall Street Bets NFT collection. It thrives on the legacy of that defining moment when $WSM made its groundbreaking entrance.
