As on-chain summer continues to grip DEX markets, in an unexpected move a Pepe (PEPE) – a spin-off of the original Pepecoin – has exploded an eye-watering +10,000%.
Following in the footsteps of Pepecoin (PEPE), which undertook a dramatic surge to a $1bn market cap back in May, Pepe is a spin-off meme coin riding high in the wake.
However, at the heart of this rally is serious community backlash against worrying moves by the original Pepecoin team – with the multi-signature wallet requirement being reduced to just 2/8 signatures needed and large quantities of Pepecoin moving on-chain.
The seismic +10,000% move by Pepe has already beaten the +7,000% skyrocket gains of the Pepecoin predecessor.
PEPE Price Analysis: Will Pepecoin Spin-Off Token Survive and Thrive?
Launched at midnight on August 25, Pepe gained immediate traction upon launch, surging an initial 4,550% in the opening 6-hours of trading.
However, initial interest was short-lived, and the following 72-hours saw tight-fought price action, as bag-holders fought to defend the now well-established $0.0025 support level.
After a strong consolidation at support, on August 28 price action once again exploded as a huge influx of $23m in trading volume flooded into the project.
This triggered a moon-shot rally, with price rapidly climbing a further +950% over the following day, bringing early-backer’s profits to a jaw-dropping +12,000%.
As a flurry of 14.9k transactions saw Pepe’s market cap surge up to $21.5m, bag-holders took profit at a local high of $0.051 – fuelling a sudden -72% retracement move down to $0.013.
However, once more bag-holders remain under-deterred, and another battle to consolidate is underway at the $0.025 price level.
Buy pressure remains strong representing 56% of transactions over the past 6-hours, but while bag-holders await their fate – smart money has already began rotating capital out of DEX markets into a safer play – the biggest meme coin presale of 2023.
$WSM CEX Launch: 30 Days Until 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 an upcoming CEX launch in less than 30 days – lets deep dive 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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