Wall Street Memes (WSM): The Meme Coin With Over $5 Million Raised

Meme coins, such as Dogecoin (DOGE), Pepe (PEPE) and others, have had their day in the sun and supported financial gains for many people. These coins generally lack intrinsic value. Instead, their value is derived from the popularity of the project at the time. The newest meme coin on the scene, Wall Street Memes, may seem similar at first glance. However, unlike other meme coins launched to date, this project was born as part of a movement that’s already gained tremendous momentum.

Key Takeaways:

• Wall Street Memes is a new meme coin project that strives to challenge major Wall Street players by uniting small investors.

• Wall Street Memes currently has a presale for its WSM token and a total of 30 stages in which the token will become increasingly expensive to own.

What Is Wall Street Memes?

Memes have been connecting people for years with their relatable, timely humor, and Wall Street Memes is harnessing that power. Specifically, Wall Street Memes uses humor and community to unite small investors who are fed up with business as usual on Wall Street. At the same time, it enables smaller investors to profit from the same capitalism-driven greed that has allowed big Wall Street investors to profit heavily over the years. 

Today, the Wall Street Memes community includes over a million followers, and the project benefits from more than 40 million monthly impressions. 

Why Was Wall Street Memes Created?

In 2021, investors on Reddit collectively decided to short-squeeze GameStop stock. Many believed the stock was undervalued, but some also wanted to inflict damage on major hedge funds that played a role in the 2007 market crash. Wall Street Memes was inspired by those who participated in this legendary event. Specifically, the project aims to allow individuals without whale status to profit from capitalism-based greed in the same way that hedge funds and whales do.

Why Is the WSM Coin So Popular?

As a new movement that's already gained considerable momentum, Wall Street Memes is tokenized by the WSM coin. The project describes WSM tokens as the ultimate statement of its mission: those who hold the tokens are fighting back against greedy capitalists. More than that, WSM tokens play a critical role in the mechanics of the Wall Street Memes project by facilitating meme trades.

Features of Wall Street Memes

Wall Street Memes offers several features that collectively serve the project’s mission. These include the WSM token airdrop, the Bulls NFT collection and the project’s merchandise. 

Airdrop

The WSM token airdrop is currently live, and more than 16,000 participants have submitted entries as of Jun 8, 2023. Altogether, five winners will be announced around six months later, and each of them will benefit from a $10,000 prize. There are seven ways to enter:

• Follow @wallstmemes on Twitter 

• Follow @wallstmemes on Instagram 

• Visit wallstmemes.com 

• Buy WSM tokens 

• Submit your proof of purchase of WSM tokens

• Join the project’s Discord server 

• Join @wallst_memes on Telegram

You can also purchase WSM tokens without participating in the Wall Street Memes airdrop. Choose your preferred crypto wallet, such as MetaMask for a desktop transaction or Trust Wallet for a purchase on a mobile device. Other crypto wallet types are supported as well. Once your wallet is connected, you can buy WSM tokens with BNB, USDT or ETH.

Wall St Bulls NFT Collection

The Wall St Bulls NFT collection features 10,000 unique digital assets that focus on Wall Street in a creative way. Because of the project’s singular utility, the rarity of each Wall St Bulls NFT will increase over time. Bull NFT owners receive access to sister collections. These are the Wall Street Assets collection and the Wall St Bulls Interns collection.

Wall Street Memes Merchandise

WSB merchandise will serve a dual purpose. First, it will unite the Wall Street Memes community. Secondly, it will raise awareness for the brand and its mission. Numerous products are available that are both trendy and statement-making, such as various styles of T-shirts, caps, sweatshirts and mugs. These products are available through the WSB Merch store on the Wall Street Memes website.

WSM Tokenomics

The presale for WSM tokens began on May 26, 2023. By the ninth stage (out of 30 total), the value was $0.0274, and at this stage, the price is $0.028 (as of Jun 9, 2023). Altogether, the circulating supply will be 2 billion, and this full amount will be traded and held by the Wall Street Memes community. Fifty percent of the total supply is allocated for the Wall Street Memes presale, and another 30% will be used for community rewards. The final 20% will be used for liquidity. WSM tokens can be used to purchase and trade NFTs.

Wall Street Memes Road Map

The Wall Street Memes team is committed to bringing the project online through three phases of development. The first phase involves creating a secure smart contract that will be the foundation of the project. During this phase, the development of the community will be established by harnessing the power of social media platforms like Instagram, Twitter, Telegram and others. Branding and marketing for Wall Street Memes will also receive concentrated effort, and merchandise is available to take branding to the next level.

In the second phase, the Wall Street Memes team will launch the WSM coin. In addition, WSM will be listed on CEXs and DEXs. Partnerships will be strategically established with influencers, media and others, and will be leveraged to enhance Wall Street Memes brand awareness.

The third phase focuses on expanding the exchanges that list WSM tokens. Special benefits for the WSM community will be announced, with these community rewards including interactive experiences, exclusive content and more. The team will be focusing on reaching a $1 billion market cap and getting WSM listed on the most popular CEXs.

Will WSM Be a Good Investment?

Some investors shy away from purchasing meme tokens, which lack utility and intrinsic value. Their value is driven purely by investor sentiment. However, Dogecoin (DOGE) and Shiba Inu (SHIB) were among the top-performing assets in the 2021 bull run. Pepe (PEPE) assumed this position in the 2023 run. 

While there are several meme coin projects jockeying to be next in line, Wall Street Memes stands apart from other projects and is well-positioned for success. It possesses a true mission that aligns with sentiments shared by many smaller investors. As a result, investors can truly get behind Wall Street Memes. With its excellent marketing, and branding efforts already underway, the project is poised for success.

Nonetheless, it’s recommended that cryptocurrency investors not invest funds that they can’t afford to lose. This project may be positioned to skyrocket, but there’s always a chance it could collapse. Before you proceed with an investment in WSM, conduct your own thorough research.

The Bottom Line

Wall Street Memes is well positioned to be the next big meme coin, following in the steps of Dogecoin, Shiba Inu and others. With everything from branded merchandise to a strong mission that the everyday investor can rally behind, the popularity of Wall Street Memes has increased rapidly in a short period of time. This is a new crypto project deserving of attention, and one to consider getting involved in early on to optimize potential gains.

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