Wall Street Memes Reigns as King of Meme Coins, Surpasses 8 Million as PEPE, SHIB & Milady Continue 30-Day Decline

One coin that’s forming waves is Wall Street Memes, which has been going viral, raising over $8 million in its crazy presale. And the funny part is, it just started about a few weeks ago.

However, we cannot say that for all meme coins. Even in this market downturn and chaos, there are still smart investors who know how to find good crypto opportunities. 

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Shiba Inu’s fame is fading away, leaving $SHIB’s investors worried 

It’s quite evident from the chart that Shiba Inu investors are struggling since the token’s price keeps going down. The so-called Doge killer has been in a slump since April 16, and it’s not looking good.

In addition, looking at the stats, we see that the amount of SHIB tokens, sent to the dead wallet, is also in significant decrease in the past seven days. Therefore, the unexpected drop in the amount of burnt Shiba Inu tokens seems something to worry about, indicating a decrease in the token’s burn rate.

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Pepe Coin continues its downtrend after being delisted from Binance’s Flexible Loan platform

On the other hand, it wasn’t any better for $PEPE, as it has lost over 50% of its value if we compare it to its all-time high.

After we’ve seen it hitting an all-time high of $0.0000043 in early May, many traders were ready to claim that the token’s price would keep growing and growing, reaching the stage where it could rival giants like DOGE and SHIB.

However, that was not the case, and PEPE immediately began the downtrend that has remained until today.

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Even more concerning for investors is that the number of PEPE holders hasn’t been growing and has declined in recent weeks.

Binance has revealed that it has delisted PEPE as a borrowable asset on its Flexible Loan platform. The reason behind this recent action involves Binance’s nonstop efforts to ensure the availability of high-quality and reliable assets for its users, which PEPE is not able to fulfill.

Milady suffered a huge price drop in the last 48 hours

Due to the social media hype, many investors bought the coin at its peak valuation. However, these investors are now sitting with big unrealized losses as graphs show that the Milady meme coin price is trading more than 70% below its all-time high.

Due to the tanking price, the market cap of LADYS has also fallen to $38 million from its peak valuation of $150 million.

The price managed to recover a bit a few days ago, but if we look at the price graph, we see that the price took another downturn in the last 48 hours or so.

All eyes are set on Wall Street Memes while $WSM raises over $8 million

Wall Street Memes is a unique meme coin concept that aspires to profit from the enormous influence of the retail trading community.

In just three weeks since its very launch, $WSM has raised over $8 million. In addition, Wall Street Memes continues to see rapid success in its presale, becoming one of the best buys in the market.

Wall Street Memes‘ presale has caught the interest of several important figures in the cryptocurrency industry, including Elon Musk and well-known influencer Zach Humphries, who have both shared their optimism over the future of the token.

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Wall Street Memes is a token worth keeping an eye on due to its influencer endorsements and clever roadmap plans, which place it as a serious competitor in the race to produce the next cryptocurrency billionaires.

The Wall Street Memes community, with over 1 million followers, forms a solid foundation for the meme coin for its growth.

$WSM’s biggest strength is its robust tokenomics. It is built to tackle one of the most difficult challenges for meme coins, which is a short lifespan.

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Conclusion

The majority of so-called meme coins come and go, losing their fame so quickly that most investors cannot manage to get any significant returns from them.

In general, that’s the nature of meme coins and you have to be lucky, besides smart and wise, to be able to hop on the train before it’s over.

From the analysis and charts above, we could see how turbulent and unlucky the past weeks were for Shiba Inu, Pepe Coin and Milady. Moreover, neither can we say that their decline is over, nor that a happy recovery is on the horizon.

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In the meantime, Wall Street Memes clearly says “no” to the crypto market crisis and keeps pumping every day.

Many experts claim that $WSM is set to stay for a while encouraging people to invest in this skyrocketing meme coin that’s having an easy ride while taking over the meme coin market.

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