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Whenever someone hears the term “memecoin”, Dogecoin is one of the names that come up first. It has a loyal fan base and has received support from celebrities and influencers alike, from Elon Musk to Mark Cuban. However, the token is going through some tough times, which is why investors are turning their attention towards other new meme coins such as Wall Street Memes Token ($WSM).
DogeCoin drops by 12% – Time to Buy Wall Street Memes Token?
The price of DogeCoin has been on the decline for quite some time now. It is not receiving adequate support from its investors. On top of that, whales, which play a key role in the success of any cryptocurrency, have been making small moves in DogeCoin for the past couple of weeks.
Dogecoin is also losing investor confidence quicker than it can hold it. This is evidenced by the holdings of mid-term holders. Even if $DOGE recovers, chances are that it will still push the supply back into the category of mid-term holders. This makes the chances of immediate recovery very small. Amidst this, many DogeCoin holders are thinking of moving away from DOGE investments into other popular meme coins. The Wall Street Memes Token can be the perfect alternative for such investors.
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Wall Street Memes Token ($WSM) – The Newest Meme Coin on the Market
Wall Street Memes Token ($WSM) is a newly launched meme coin gaining traction among investors for a number of reasons. Its emergence signifies an enticing opportunity, as evidenced by its recent presale, which has raised almost $7 million. The $WSM token is now available at a bargain price.
However, contrary to what some think, the Wall Street Memes Token isn’t new to the scene. It has its origins in the highly sought-after Wall St Bulls NFT collection, which sold out within half an hour of its launch. This proves its incredible track record, which positions it for exponential growth going forward.
Wall Street Memes Token and its Endorsement by Elon Musk
The Wall Street Memes Token has attracted the attention of celebrities such as Elon Musk, Mark Cuban, Chamarth Palihapatiya, and Snoop Dogg. However, the endorsement by Elon Musk serves as proof of the project’s legitimacy. Musk has previously endorsed the likes of Dogecoin, which has achieved quite a price surge because of it.
Apart from celebrity followers, Wall Street Memes Token has an audience of almost a million followers, out of which Instagram alone accounts for 529K followers. Its official Twitter page also has over 231K followers. With such a vast number of followers, $WSM has a big chance of getting listed on major exchanges around the world.
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What Makes $WSM Different from Other Memecoins?
As mentioned before, the Wall Street Memes Token isn’t simply based on a simple meme. It has a big concept behind it, as it symbolizes the internet’s triumph in the infamous GameStop saga. This has appealed to individuals who want to stand up against institutional investors and other Wall Street giants.
The project’s origins can be traced back to the GameStop saga of 2021. One of the most popular subreddits for small and normal stock traders (Wall Street Bets) decided to prevent larger investors from shorting GameStop stock. As a result, they invested a lot in the stock, which drove up its price to $483.
In the aftermath of the event. Big Wall Street investors found themselves in an unprecedented short squeeze. This led several of these institutional players towards bankruptcy, with many big firms such as Melvin Capital losing 53% of their investments after the event.
This created the spark that would ultimately culminate in the birth of the Wall Street Memes Token. By owning a $WSM token, every user can be a part of this war against Wall Street giants.
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Unleash the Potential of Memecoins with Wall Street Memes Token
While Wall Street Memes Token has a thriving community behind it, its token supply and tokenomics take it to another level. It has made 100% of the token available for the community, which eliminates the chances of experiencing rug pulls.
Out of the total capped supply of 2 billion $WSM tokens, half of it is allocated towards the presale, while 30% is allocated towards community rewards. The remaining 20% is allocated toward liquidity for centralized and decentralized exchanges.
There is even more to offer: Wall Street Memes Token has also announced an airdrop for its supporters. To take part in this event. Users simply have to join their Discord community, participate in the presale, and increase their chances of winning a slice of the $50,000 prize pool.
Invest Now Before$WSM Surges in Price
Wall Street Memes Token has experienced one of the biggest and most successful presales this year. It reached an astounding $100K within a single day, which has raised the bar in the crypto world. At the moment, the presale has crossed the $7 million mark.
Right now $WSM are available at an incredibly low price, which has presented a golden opportunity to smart investors who are looking for alternative meme coins to invest in. So now is the right time to grab this opportunity and earn huge returns.
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Conclusion
As the cryptocurrency market is recovering, several investors, advisors, and analysts have turned away from previously successful meme coins such as DogeCoin and are turning towards promising projects such as the Wall Street Memes Token. The project presents strong fundamentals, a detailed concept, and a tokenomics model, which have attracted the attention of a lot of backers in recent days. So hurry up and start investing in $WSM now to be a part of the meme coin revolution.
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