A crypto whale recently made a significant investment in the presale of Wall Street Memes (WSM), a popular meme coin set to launch in 2023. Within the span of just five minutes, five different wallets collectively invested 460 ETH, equivalent to nearly $850,000, into the WSM token presale.
This coordinated purchase suggests the involvement of one individual whale who recognizes the potential of Wall Street Memes. With a massive following of 1 million retail investors across its various social media channels, Wall Street Memes has emerged as one of the internet’s most powerful retail investing communities. The community originated in 2021 during the movement where small investors united against Wall Street’s practices. Now, it is expanding its presence in the crypto space with the highly anticipated presale of the WSM meme coin.
This substantial investment by the crypto whale not only demonstrates confidence in the project but also pushes the presale past the impressive milestone of $20 million. Many presales don’t even aspire to reach such heights. The strength of the Wall Street Memes community, combined with the successful presale, has led analysts and observers to predict that WSM could become the next viral meme coin, potentially reaching the levels of popular coins like Pepe, Shiba Inu, or even Dogecoin.
Wall Street Memes prides itself on empowering the “little guy,” and this ethos is reflected in the distribution of the WSM token supply. The entire token supply, consisting of 100%, is dedicated to the Wall Street Memes community, with no private sale or team allocation. This approach makes the WSM presale one of the fairest in 2023.
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Of the token supply, 50% is available in the presale, with the raised funds allocated for high-level marketing efforts. Additionally, 30% of the supply is reserved for community rewards, indicating that airdrops to holders will be a significant part of the ecosystem. In fact, Wall Street Memes is currently running a competition where five lucky participants have the chance to receive a generous $50,000 WSM airdrop. Interested investors who have already purchased WSM can follow the steps outlined on the project’s website to become eligible for the airdrop.
The success of any meme coin relies heavily on the strength of its community and social media presence. Given the already engaged community surrounding Wall Street Memes, WSM possesses all the necessary ingredients for meme coin success. It comes as no surprise that multiple analysts are already predicting substantial gains for WSM upon its exchange listing. Industry influencers such as Michael Wrubel, CryptoWendyO, and Cilinix Crypto have also endorsed the coin.
Estimated gains of 10x from the exchange listing price of $0.0337 would result in a fully diluted market cap of $674 million for WSM. However, some analysts go as far as comparing its potential market cap to that of major established meme coins like Dogecoin and Shiba Inu, which currently stand at around $8.5 billion and $4 billion, respectively. Wall Street Memes has set its sights on reaching a $1 billion market cap, intending to achieve this through strategic partnerships, top-tier listings on central exchanges, and extensive awareness campaigns.
Even further gains of over 100x to a market cap exceeding $6 billion should not be disregarded, as some analysts argue that WSM stands a chance of becoming one of the largest meme coins. In the volatile world of crypto markets, anything is possible, especially with the backing of over a million committed participants within the Wall Street Memes community.
Investors seeking significant gains may consider participating in the WSM presale to secure their tokens at the best possible discount. WSM can be purchased on both the Ethereum blockchain and BNB Smart Chain, using ETH, BNB, or USDT (ERC-20 or BEP-20). To make a purchase, users simply need to connect their crypto wallets to the wallstmemes.com website.
However, it is essential to acknowledge that investing in crypto carries high risks. This article is intended for informational purposes only and should not be considered investment advice. Investors should be aware that they could potentially lose all of their capital when engaging in crypto investments.
