As former President Donald Trump reels following his surrender at the Fulton County jail, DEX market traders haven’t missed out on the action – with the TRUMP meme coin exploding +10,000% in the wake of the news.
This comes amid the State of Georgia v. Donald Trump indictment case, which yesterday (August 24) saw Trump surrender to authorities in Georgia for mug-shot and paperwork processing.
Trump has already agreed to post bond to the tune of $200,000, and has stated he will refrain from antagonizing the situation on social media until trial.
And with DEX markets charged following the dramatic move, TRUMP token was an obvious choice for big gainers today.
TRUMP Price Analysis: Can TRUMP Token Sustain Huge DEX Pump?
In the aftermath of the sensational move, TRUMP token is currently trading at a market price of $0.05617 (a 24-hour change of +268%).
This comes as the TRUMP token enters a -42% retracement move, after rejection from a local high at $0.1.
The huge pump was triggered at 2:00AM on August 25, the same hour that Donald Trump tweeted the now iconic lizard-like mugshot.
Traction grew rapidly in the first hour of the pump, with the opening candle of the rally sequence demarcating a 400% gain – in a stunning climb from $0.01 to $0.045.
Eagle-eyed DEX traders, lured in by the sudden spike in trading volume rushed to get in on the action – and over the next 3 hours TRUMP price pushed up a further +200%.
This almost brings the rally gains to a shocking +10,000%, but as the saying goes – all good things must come to an end – and now TRUMP has already entered serious retracement.
The -42% drop from the local high appears to be consolidating above a key support level at $0.05 – and things could still bounce from here with buy pressure remaining strong at 56% of transactions in the past hour.
Furthermore, with a growing legion of 1.15k TRUMP bag-holders, and a market cap now exceeding $2.5m, the TRUMP token seems poised awaiting the next major MAGA news.
But while bold risk-taking DEX traders are holding the line on TRUMP, investors seeking a safer play are turning to the biggest meme coin presale of 2023 – which saw $25m raised and now has a handful of remaining tokens up for grabs before a planned CEX launch in coming weeks.
Discover $WSM: The Biggest Meme Coin Launch of Summer 2023
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 over $25 million 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 moon-shot.
And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.
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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