While many cryptos have pumped over the past week, the popular new meme coin Wall Street Memes has enjoyed its most successful week so far after passing the $15m mark in its presale.
The project is currently priced at $0.0316. However, this is set to rise incrementally throughout, with the next price hike just over a day away.
While competition is intense for meme coins, Wall Street Memes has carved a unique spot in the market, resulting in unconditional community support.
According to the Wall Street Memes whitepaper, the new project will “rewrite the rules of finance” through the power of memes.
The masterminds behind the new project are not your run-of-the-mill founders. No, Wall Street Memes is an established brand with over one million social media followers and whose team created the Wall St Bulls NFT collection in 2021.
Wall St Bulls NFTs sold out in 32 minutes, netting a staggering $2.5 million.
The new meme coin was created in response to the growing demand for community-centric meme coins.
Wall Street Memes has also expanded into Bitcoin Ordinals NFTs, displaying the team’s ability to adapt to the ever-changing crypto landscape.
The Wall Street Memes team was initially inspired by the GameStop saga. As a result, the meme coin is about more than just profits – it challenges traditional finance with meme power and community.
Through its use of blockchain tech, the $WSM token gives the community full control of their assets – a core value of crypto.
A Meme Coin Backed By a One-Million-Strong Community
Wall Street Memes raised over $300K within its first presale day. Six weeks on, the project has just hit $15 million, its most important milestone so far.
This is no surprise, considering the colossal one-million-strong community the project has fostered across Instagram, Twitter and other social media apps.
As such, exchange listings on major tier-one exchanges such as Binance are a real possibility after the presale. The project’s roadmap targets tier-one exchange listings in its third phase, aiming to “boost liquidity, accessibility, and reach for all Wall Street Memes warriors!”
The presale is in stage 23 of a 30. As mentioned, the current $WSM price is $0.0316, but this will rise to $0.0337 by the final stage.
Why Is Wall Street Memes Pumping? Even Elon Supports It
Investor interest in Wall Street Memes is ever-expanding. Celebrities and high-profile figures like Elon Musk have also supported the project on Twitter, causing fans to compare Wall Street Memes to Dogecoin.
The project boasts community-focused tokenomics designed to reward holders. 50% of the tokens will be sold at presale, 30% will be allocated to community rewards, and the remaining 20% will be reserved for exchange liquidity.
This means the team holds no tokens, “rug-proofing” the project and facilitating organic long-term price action.
The initial community rewards campaign is already running, with a whopping $50K up for grabs. Participants can earn up to seven entries by completing easy tasks like following Wall Street Memes on Twitter.
Roadmap to $1 Billion Market Cap
As mentioned, Wall Street Memes is eyeing tier-one exchange listings, but that is not all the project has set its sights on. The roadmap has outlined three core phases: Foundation, Launch and Community Empowerment.
Each phase will build on top of the last, with the overarching goal of enriching the community.
The first phase will focus on building awareness and a core community.
Its second phase, Launch, focuses on ensuring the exchange launches run smoothly and attracting new liquidity through partnerships and marketing campaigns.
The final phase of Community Empowerment focuses on rewarding the community, striving for tier-one listings and a $1 billion market cap.
With the presale quickly selling out and some analysts predicting a 100x, investors must act fast to purchase $WSM at the best possible price.
Visit Wall Street Memes Presale