Wall Street Memes (WSM) is a memecoin project that has achieved a remarkable feat, amassing over $25 million in initial capital. The project is now in its 30th and final presale phase, and is set to list on major exchanges on September 27th. To further attract investors, the project has rolled out a staking mechanism which could help reduce selling pressure and stabilize the price of WSM tokens.The project has received notable investment from a crypto whale, who injected $1 million into Wall Street Memes (WSM) during the early August presale. Furthermore, the project has been endorsed by influential figures like Elon Musk and has been featured in reputable crypto publications.The Wall Street Memes token has maintained a relatively stable price trajectory, demonstrating a resilience that speaks to the project’s commitment to equitable distribution. This commitment effectively tackles concerns related to the possibility of price manipulation by any concentrated investor group.The project’s staking mechanism assists in mitigating potential market crashes by discouraging abrupt sell-offs. The total staked WSM now exceeds 212 million, offering an estimated APY of 94%, while the project provides 75 rewards per block and the total supply of WSM tokens amounts to 1.6 billion.With a steadfast development approach and the anticipated 2024 bull market, Wall Street Memes exhibits potential for long-term success beyond its initial phases.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
8 |
| People |
Elon Musk, BeInCrypto, Bitcoinist, Yahoo Finance, OpenSea. |
| Companies |
BeInCrypto, Bitcoinist, Yahoo Finance, OpenSea, Shiba Inu |
| Currencies |
Wall Street Memes, Bone ShibaSwap, Monero, Litecoin, Stellar |
| Securities |
None |
