As the crypto market picks up steam again, some of the most popular crypto YouTube influencers, including Jacob Bury and Michael Wrubel, have announced their top pick for the best meme coin of the year – and it is Wall Street Memes (WSM).
Created by the same team that brought us the amazing Wall Street Bulls NFT collection, which famously sold out in less than 32 minutes, WSM is capitalizing on the massive support of communities from Reddit and Twitter. Its incredible success is sending shockwaves across the market, as it symbolizes the Internet uprising against the oppressive capitalism sparked by the infamous GameStop scandal.
Riding on the wave of support from people who dared to stand up to Wall Street giants, WSM represents hope that the future doesn’t have to be bleak as they want us to believe.
Wall Street Memes Is a Tokenization of the Internet Revolution
The GameStop saga gripped the public’s attention in 2021. Wall Street Bets, the most popular subreddit for casual stock traders, decided to mount up an offensive to prevent Wall Street sharks from short-selling GameStop’s shares. They invested everything they had and by January 28th, GameStop stock was trading at a spectacular $483.
A bunch of major Wall Street investors found themselves in a bind, faced with an unprecedented short squeeze. If it weren’t for several online brokerage firms stopping GameStop trades, with Robinhood being the most infamous of the bunch, several of them would end up in bankruptcy. Even with such underhand help, they suffered enormous losses. Melvin Capital, for instance, lost 53% of its investments and ultimately shut down the next year, being unable to recuperate.
This was the spark that birthed a movement that resulted in Wall Street Memes. It is a token of resistance, a cry proclaiming that we will not go quietly into the night. Owning WSM is like a badge of honor for many veterans of the GameStop war and they wear it with pride. Unlike many other meaningless meme coins, WSM has a powerful story that will stay alive for decades to come.
WSM Presale is Breaking All Records
With such a background, it is no wonder that Wall Street Memes is having one of the most successful presales we have seen so far this year. In less than 10 days, more than $4.6 million worth of WSM tokens were sold. Early investors are flocking to the token, betting that it will explode when it gets listed. Judging by the hype surrounding the project, it can be expected that WSM will surge 20x at least once it appears on crypto exchanges.
One issue is that the presale is rapidly drawing to the end, as the hard cap goal approaches far sooner than anyone expected. If you are planning on getting on the bandwagon cheaply, you need to hurry up before all allocated tokens are gone.
Whenever a token is saddled with such high expectations, there is always at least an ounce of doubt that someone is setting up a classic pump-and-dump scheme. Fortunately, we don’t have to worry about such shenanigans from WSM, as the crew behind it is fully vetted and verified.
Massive Community Backs Wall Street Memes
The backbone of the Wall Street Memes movement can be found on Reddit. r/wallstreetbets has more than 2 million subscribers and while it is true that not all of them are passionate supporters of the token, a huge chunk is. Add Instagram, Twitter, and Telegram following and it becomes clear that the WSM community is more than one million strong.
This is the base that provides WSM with support and will always drive its value, regardless of the ebbs and flows of the crypto market at large. It is also the biggest reason why so many investors are convinced that WSM will pump 20x after the listings start.
Influences’ Support Kicks Wall Street Memes into Overdrive
Several crypto YouTube influencers have voiced their support for Wall Street Memes, proclaiming it the top pick for the best meme coin of the year. Popular crypto YouTuber Jacob Bury pointed out one interesting fact, stating that Elon Musk had several interactions with Wall Street Memes’ Twitter account. The self-styled “The Dogefather” holds an enormous influence in the crypto community and his interactions with WSM will undoubtedly have a huge impact on the token’s value.
Michael Wrubel, another popular YouTube influencer, also spoke positively about the WSM presale, even saying that he personally bought some tokens. Wrubel also praised the creators, stating their previous projects and highlighting their credentials.
This was enough to kick the WSM presale into overdrive, accelerating the pace and bringing it that much closer to the end.
Wall Street Memes Tokenomics
As far as tokenenomics go, Wall Street Memes have a fairly simple one. 50% of all tokens will be sold during the presale. 30% will be held in reserve for community rewards, which are an important part of the project. The last 20% will be used for liquidity, equally divided among CEX and DEX platforms. The beauty of this simplicity is that there are no exorbitant team rewards and/or other shady allocations. WSM is determined to demonstrate propriety even through its tokenomics.
The WSM Giveaway
To help motivate buyers and spread the word about the new token, the creators have decided to host a giveaway worth $50,000. Five lucky winners will divide WSM tokens in this value after the draw. The only condition to enter the draw is to follow Wall Street Memes on Twitter, Telegram, and Discord, and be a WSM holder at the time.
The awakening of the crypto market has prompted several YouTubers to voice their opinions on the next big meme coin and they are unanimous that the top pick is Wall Street Memes. The amazing token comes with a lot of backing and even Elon Musk is keeping an eye on it. With the presale crushing all records, it can be safe to say that WSM is the top meme coin of 2023.