The KSI Token has risen by 430% in the past 24 hours, with the new meme token – themed after YouTuber/boxer KSI – exploding by more than 50,000% since listing directly on Uniswap yesterday.
In previous years, such astronomical gains would be mightily impressive, but 2023 has seen no shortage of new meme tokens rising up the charts, with the vast majority being little more than thinly veiled pump-and-dumps.
And it seems that KSI is one of them, with the coin having no real online presence and no community of holders and supporters.
However, one new meme token that does have a substantial and growing horde of followers is Wall Street Memes (WSM), with its presale already raising more than $12.6 million.
While KSI Token Shoots Up 50,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode – What Do They Know?
At the moment, KSI is showing no signs of flagging, although it did only just list a day ago.
Interestingly, the chart above shows that the vast bulk of its trading volume applies to the first few hours of its listing, with trading activity tailing off on Uniswap even as the coin continues to reach new levels.
This would be strange for a normal cryptocurrency, yet it’s highly probable that KSI Token is only the latest in an endless supply of dubious meme tokens, which are pumped by their anonymous creators before being dumped onto latecomers.
There’s currently no indication that there’s anything like an organic development team or community behind the token, implying that it will inevitably come crashing down sooner or later, with little hope of a sustainable existence.
Still, there’s no denying that it’s currently one of the most-trending tokens listed on DEXTools, with at least some investors seemingly hoping to make a quick profit out of the token before its demise.
Timing a quick entry and exit may be too much for some investors, however, yet there are at least a few new meme tokens in the market that seem to be set up for a longer life.
One of the most notable of these is Wall Street Memes (WSM), a new meme token that has raised more than $12.6 million since opening its presale in June.
What distinguishes WSM from a flash-in-the-pan meme coin like KSI is that it has its roots with an actual community, with the token being associated with the meme stocks movement, which famously orchestrated the infamous GameStop and AMC rallies of 2021.
Because Wall Street Memes’ Twitter account already has more than 255,000 followers, it has been able to quickly raise a substantial sum of money, with its online following ready to support and boost its price once it lists on exchanges in the next few weeks.
Incentivizing higher-than-average community involvement is the fact that 50% of its 2 billion total supply is allocated to its presale, with an additional 30% being reserved for community rewards.
Not only will this ensure a relatively high level of decentralization, but it will protect investors from a big rug pull, of the kind to which KSI – which has listed directly without any sale – is extremely vulnerable.
New investors can grab some WSM early by visiting the official Wall Street Memes website and linking their crypto wallets, with the token buyable using ETH, USDT or fiat currency.
It’s currently selling at a price $0.031, before rising numerous times en route to the 30th and final stage, during which it will be offered at $0.0337.
Such a price is likely to seem pretty cheap in the next few weeks, when WSM lists on exchanges and potentially makes its early investors a sizable profit.
Visit Wall Street Memes Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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