The crypto industry is seeing ongoing innovation, with the newly released Wall Street Memes ($WSM) coin attracting the attention of investors worldwide.
The most intriguing crypto meme coin presale in years is selling out quickly, and here's why you should pay attention.
Wall Street Memes, one of the internet's most influential retail investing groups, began a presale of its $WSM token on Friday and has already raised more than $1 million. This means that investors are buying $WSM tokens at a remarkable rate of more than $300,000 per day, with the presale now approaching the $1.5 million level.
With its presale rising beyond the $1 million mark in record time, $WSM leans on the strength of a thriving investment community with over one million followers termed "degens." The excitement surrounding $WSM shows no signs of abating, with many in the investment industry expecting it to skyrocket once it is listed on major exchanges.
Let's see what Wall Street memes hold for its investors.
Although Wall Street Memes' presale only began on May 26, no one could have imagined the incredible response from individual investors. At the time of writing, this presale had raised just over $1.1 million, which equates to nearly $300,000 each day.
The excitement around Wall Street Memes' presale has already sparked rumours that it may reach its hard ceiling of $30,577,000 if the current trend continues in the coming weeks.
Early investors can now purchase $WSM tokens for $0.0256 during the 30-stage presale. However, this price will rise to $0.0259 in the following stage, representing a 1.2% gain.
By the end of the stage, the $WSM token will be worth $0.0337. This means that anyone who acquires $WSM at the current price will immediately lock in a 31% paper profit when the token first appears on exchanges in Q4 2023.
Wall Street Memes' community-driven tokenomics and massive retail trader support are already laying the groundwork for a potential listing on tier-1 exchanges.
This would be regarded as a huge victory for Wall Street Memes since it would increase the prominence of the $WSM coin and allow a broader audience of investors to access it.
Scenarios like this frequently occur with viral meme currencies, resulting in exponential price gains - and early $WSM holders will be looking for a similar scenario after the presale closes.
In fact, its $WSM presale is quickly following in the footsteps of the Wall Street Bulls 10,000 piece NFT collection, which grossed $2.5 million and sold out in 32 minutes in 2021.
The king of stonks is on the verge of becoming the king of meme currencies. Don't pass up this opportunity.
Wall Street Memes ($WSM) token is another community-driven memecoin based on the Ethereum ecosystem that will be released following its 30 stage pre-sale.
The Wall Street Memes community was founded on an Instagram and Twitter community, as well as a historical NFT endeavour, prior to the launch of its new coin.
The Wall Street Bulls on OpenSea, the platform's inaugural NFT project, sold out in 32 minutes in 2021.