Wall Street Memes ($WSM) is now closing in on the $17 million mark in its presale as investment continues to flow into the high-potential meme coin.
The presale started less than eight weeks ago but excitement and FOMO continue to build around the project which boasts one of the crypto world’s largest and most popular communities.
Wall Street Memes ($WSM) tokens are currently on sale for $0.0322 with the price increasing to $0.0325 when the presale hits $18 million and in incremental stages after that.
Wall Street Memes is backed by a combined social media following of 1 million and has spread across the crypto space, with several notable analysts and tipsters naming it as the next token to explode.
$WSM set to Moon?
The success of its presale and huge social media following are two major signs that Wall Street Memes could moon after it launches on exchanges.
Major crypto analysts – including Satoshi Stacker, who boasts almost 300k subscribers on YouTube – have featured the coin in recent days and it continues to see investment pour into its ecosystem.
Buyers are not only excited about its meme coin potential but by its experienced team, that have a track record of proven success in the space, its huge following and robust tokenomics.
Wall Street Memes was first created as an offshoot of the popular Wall Street Bets subreddit that helped GameStop stock rocket in price in early 2021 – and even Elon Musk is a fan.
Elon Musk and Wall Street Memes
Elon Musk, the world’s richest man, CEO of Tesla and Twitter and a known crypto fan, has interacted with the Wall Street Memes Twitter page on multiple occasions.
One occasion was when the account posted a video of Musk referencing ‘inverse Jim Cramer’, and another when he replied to a Tweet about former FTX CEO Sam Bankman-Fried that had been retweeted by the account.
With Musk only following around 300 accounts, this suggests he follows someone who follows the account, meaning he likely sees content on a regular basis.
The social media influence of the Wall Street Memes account has helped drive investment into the presale and is expected to see it reach another level and pump even further when it finally reaches exchanges.
Robust Tokenomics
Wall Street Memes boasts extremely robust tokenomics which put the project in the community’s hands.
There is a total supply of just 2 billion – small for a meme coin – which will ensure a relatively high price per token.
From that allocation, 50% has been allocated to the presale, with no vesting period, with another 20% on decentralized and centralized exchanges.
The remaining 30% is for community rewards in the future, which includes an upcoming $50,000 WSM airdrop with five winners to share the prize.
Notably, there is no team allocation, which means the project is decentralized and has no chance of being a rug pull.
Proven and Experienced Team
Although they are anonymous, the Wall Street Memes developers have a long track record of success in crypto and Web3.
As well as building a huge social media following, they previously released the Wall Street Bulls NFT collection.
That collection sold out in just 30 minutes, raising more than $2.5 million and they have since also released a hugely popular Wall Street Bulls Bitcoin Ordinals NFT collection.
The project also has a clear and concise whitepaper and roadmap which show the project is not shaping up to be a pump-and-dump coin that has a short life cycle.
FOMO Builds Over WSM
Satoshi Stacker is just the latest in a long line of crypto analysts who have pinpointed the coin as offering a great chance of having success.
Popular crypto presale analyst Jacob Crypto Bury believes WSM could be a 10x meme coin after it launches.
Michael Wrubel (310k subscribers) has posted multiple times on the project and described himself as ‘bullish’ on its potential.
WendyO (195k subscribers) and Cilinix Crypto (30k subscribers) – as well as numerous others – have also made videos about its potential in recent weeks.
WSM tokens can be purchased with ETH, USDT or card on the Wall Street Memes presale website.
Those interested about the project can find more information in the whitepaper or by joining their social media pages via Linktree.
Visit Wall Street Memes Presale
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