As the meme coin space regains momentum, an up-and-coming project called Wall Street Memes (WSM) has rapidly garnered attention from investors after raising over $24 million.
In this article, we take a closer look at the Wall Street Memes project, its tokenomics, and the factors driving the hype around this ambitious new meme coin.
Presale Demand Drives Excitement for WSM
Wall Street Memes is a new meme coin that has attracted significant attention in the past three months.
WSM aims to bring a vibrant energy to the cryptocurrency market with a token tailored to those interested in the burgeoning meme coin sector.
The Wall Street Memes presale has progressed at a remarkable rate and is now in Stage 29 out of 30 – with WSM tokens available to purchase for $0.0334.
Unsurprisingly, the popularity of this presale has spread onto social media, with Wall Street Memes’ Twitter account now boasting an audience of 260,000 people.
Moreover, the official Wall Street Memes Telegram community has swelled to 18,500 members – demonstrating the strong support from retail investors.
Wall Street Memes has even attracted influencer interest, with crypto YouTubers like Michael Wrubel, who has over 310,000 subscribers, discussing their optimism in recent videos.
Between the devoted online community, influencer buzz, and meme-friendly branding, many are watching $WSM closely as it prepares to enter the open market.
With the presale nearing its conclusion, the stage is set for $WSM to carry this momentum into its official launch phase.
Wall Street Memes released Smart Tokenomics
Wall Street Memes' team has structured the project's tokenomics and roadmap with a focus on long-term stability
As outlined in Wall Street Memes’ whitepaper, the team has earmarked 20% of the total WSM supply for CEX and DEX liquidity – helping reduce price volatility immediately.
Another 30% of the supply has been set aside for community incentives and rewards, like airdrops for WSM holders.
Image by Wall Street Memes
With this approach, the project’s developers hope to foster a loyal community by continuously rewarding those who show faith in the $WSM ecosystem.
Aiming for consistent growth in 2023, Wall Street Memes' roadmap includes launching WSM on Tier-1 exchanges.
Should these listings come to fruition, it will enable greater accessibility and trading volumes.
Later roadmap milestones include an exclusive gated community for WSM holders and even a $1 billion market cap, highlighting the development team's lofty ambitions for the project.
WSM has all chances to emerge as a novel meme coin
WSM has undeniable momentum, but to dethrone the leading meme coins in the space, the developers will need to translate presale hype into sustained traction after launch.
However, WSM does enjoy several key strengths as a new market entrant – with its unique branding being one of the most important.
Image by Wall Street Memes
WSM’s leveraging of the WallStreetBets online movement gives it a valuable edge for tapping into investor demographics who are looking for the next meme coin to explode in value, much like Pepe coin did.
Its community-focused tokenomics and incentives set WSM apart from the hundreds of other meme coins launched each week, which have no built-in utility or long-term vision.
While becoming the next breakout star in the meme coin space is no easy feat, Wall Street Memes' presale momentum hints that it could be ready to compete once the token is available on the open market.
Supporters of Wall Street Memes (WSM) can take part in pre-sale and buy tokens here