Twitter-themed DEX tokens seem to be making a resurgence, after BabyX token blasted-up +37,000% in a spectacular moon-shot rally that has gripped the attention of DEX traders.
BabyX is aptly named in testament to Elon Musk’s now infamous rebrand of Twitter to X.
In the aftermath of the sudden website rebrand, a wave of X-themed coins surged in DEX markets, with the likes of X token pumping +3,000%.
BabyX saw a surge of popularity in the early hours of August 23, after famous Chinese altcoin influencer Crypto Angel featured the freshly launched token in a list that fuelled excitement among Chinese DEX traders.
BABYX Price Analysis: Will BabyX Retrace After +37,000% Moon-Shot?
Following the seismic pump, BabyX is currently trading at a market price of $0.0253 (a 24-hour change of +38,038%).
This comes after BabyX was launched at 3:00 AM on August 23 – the fresh-faced meme coin immediately caught the attention of late-night West Coast traders and early-rising Asian markets with an impressive +24,696% pump in the opening hour.
And the pump didn’t stop there, fuelled by more than $188k in trading volume price has now surged from a lowly launch price of $0.00004073 to a staggering $0.025 in less than 8 hours.
But such a dramatic move comes at a cost, and in the past 6 hours, initial explosive pump moves has given way to much tighter price action – although buy pressure remains dominant (making up 77% of transactions in the past hour).
However, as BabyX continues to post higher highs, technical structure remains strong – indeed, with a total market cap of just $2.54m this token still could have mileage.
Best BabyX Alternative: Wall Street Memes
Amid the moves, traders with less risk appetite have been racing to be among the last to get in on the Wall Street Memes presale, which has just days remaining before heading for a highly anticipated CEX listing.
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early-backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon CEX launch – lets deep-dive into exactly why.
Deep-Dive: Why is Wall Street Memes Expected to Explode?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass +$25m in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme’s Million Strong Community and Moon-Shot Tokenomics
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.
And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive major CEX listings such as Gate.Io, which could propel the $WSM token on an incredible moonshot.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.
Buy $WSM Here
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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