Wall Street Memes (ETH: $WSM) is a new crypto project that has taken the meme coin world by storm. As the WSM fever heats up, many wonder about its future trajectory.
Why Wall Street Memes Launched
Wall Street Memes was a token launched as a critique on the current financial system. It was inspired by the event of the 2021 GameStop fiasco. A few brave Wall Street Bets heroes beat the big players in the financial world.
Wall Street Memes is a project that commemorates their heroic actions. It is a parody of a statement made in the 80s by investor Gordon Gekko, who said, “Greed is good.” The $WSM token aims to prove that greed is indeed good as the masses profit from a pointless meme coin.
Token Details and Performance
$WSM is an ERc20 token that runs on Ethereum. The maximum supply of the token is 2 billion. The token has attracted massive public attention since it went live on Tuesday, September 26, 2023. Based on existing data, $WSM is set to become one of the breakout stars in 2023. The project scored a major victory when it managed to get a listing on OKX, a major crypto exchange, on the day of its launch.
Wall Street Memes Performance
Since its launch, $WSM has had a great run. Barely a week after its launch, the token has a 24-hour trading volume of around $58.8 million as of October 4, 2023.
That places it above PEPE, which has around $49 million in volume, and just below SHIB, which has a 24-hour volume of around $89.7 million. That is quite impressive, considering it is barely a week old.
One of the key drivers in the rise in volume is a listing on major exchanges, including HTX, OKX, and MEXC. The token could soon be listed on other leading platforms like KuCoin and Binance as recognition rises.
Perfect Launch Window
One reason $WSM has a chance at becoming one of the biggest meme coins of 2023 is that it launched in the fourth quarter. Traditionally, the fourth quarter has been great for the crypto industry.
Many buyers start building up their crypto holdings towards the end of the year. With growth in interest online, $WSM could become one of the most meme coins in the crypto world.
A Meme Coin with Utility
Traditionally, meme coins do not have utility. However, given the size of its social media following, the team was inspired to create utility for the community. The team recently announced that a major project would soon be launched, which has boosted prices.
Social Media
Wall Street Memes has 292.5k Twitter followers, 541k Instagram followers, 35,513 Telegram subscribers, 32,916 Discord members, 2.1k YouTube subscribers, and 2,039 TikTok followers.
$WSM Future Looks Great
The $WSM project has been taking the crypto world by storm. Its early investors see it as the next PEPE of 2023. This project looks promising if you are looking for a meme coin worth your time in 2023.
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