{"id":54296,"date":"2023-08-29T06:32:55","date_gmt":"2023-08-29T10:32:55","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/as-new-pepe-coin-shoots-up-10000-crypto-whales-are-buying-this-other-meme-coin-before-it-lists-on-exchanges\/"},"modified":"2023-08-29T06:32:58","modified_gmt":"2023-08-29T10:32:58","slug":"as-new-pepe-coin-shoots-up-10000-crypto-whales-are-buying-this-other-meme-coin-before-it-lists-on-exchanges","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54296","title":{"rendered":"As New PEPE Coin Shoots Up 10,000%, Crypto Whales are Buying This Other Meme Coin Before it Lists on Exchanges"},"content":{"rendered":"
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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%.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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The seismic +10,000% move by Pepe has already beaten the +7,000% skyrocket gains of the Pepecoin predecessor.<\/p>\n

PEPE Price Analysis: Will Pepecoin Spin-Off Token Survive and Thrive?<\/strong><\/h2>\n

Launched at midnight on August 25, Pepe gained immediate traction upon launch, surging an initial 4,550% in the opening 6-hours of trading.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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%.<\/p>\n

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.<\/p>\n

However, once more bag-holders remain under-deterred, and another battle to consolidate is underway at the $0.025 price level.<\/p>\n

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.<\/p>\n

$WSM CEX Launch: 30 Days Until Biggest Meme Coin Launch of Summer 2023<\/strong><\/h2>\n

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.<\/p>\n

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.<\/p>\n

Deep-Dive: Why is Wall Street Memes Expected to Explode?<\/strong><\/h2>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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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.<\/p>\n

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.<\/p>\n

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Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype<\/strong><\/h2>\n

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 \u2013 maybe it was Elon Musk?<\/p>\n

The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.<\/p>\n

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.<\/p>\n

The crypto whale purchases are a significant vote of confidence in Wall Street Memes<\/u> and its return on investment potential.\u00a0<\/p>\n

The $WSM crypto whale\u2019s token purchases can be seen on Etherscan<\/u>.\u00a0<\/p>\n

The same whale address also bought 93 ETH worth of $WSM <\/u>in a prior transaction.\u00a0<\/p>\n

Wall Street Meme’s Million Strong Community and Moon-Shot Tokenomics<\/strong><\/h2>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter <\/a>and Telegram.<\/p>\n

Buy $WSM Here<\/strong><\/p>\n

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.<\/sup><\/i><\/p>\n<\/p><\/div>\n