Pepe Coin took another deep dive as a new meme coin wonder keeps breaking records with its presale, raising $20 million in a matter of weeks. PEPE is now just a shadow of its former glory, shedding value and plummeting to the bottom. The investors left holding the bag are crying foul, accusing creators of running a pump-and-dump scheme.
Those who were smart enough to get out early are now looking at Wall Street Memes (WSM), the meme coin that is having a record-breaking presale and is ready to claim the throne of the king of meme coins. The only question is whether there is enough time to catch this incredible token on the ground floor before the presale ends and its price explodes.
Pepe Price Continues to Plummet with No Bottom in Sight
Pepe holders’ nightmare continues as the token continues to plunge as more profitable options appear on the market. On Monday PEPE broke through the resistance level at $0.0000014 as the attempt at technical consolidation failed. With another crucial support level lost, some analysts even believe that PEPE is heading to zero.
The last tumble marked a total PEPE loss of 70% in the last 30 days. The hype surrounding the once-successful meme coin is waning, together with its support as the number of holders dwindles. Most big investors are having fire sales, trying to salvage what little of their capital is left, but the trading volume, even at dumpster prices, remains woefully low. The lack of liquidity may very well be the last nail in PEPE’s coffin.
The Way Back for PEPE Nowhere in Sight
The PEPE’s sudden fall revealed an unpleasant truth most of the investors choose to ignore, at their peril as it turned out. The token lacked any deeper meaning or utility that would help it build a community, essential for the long-term success of any meme coin. Instead, its value was based solely on the hype created by the influencers and insiders, who managed to cash in their PEPE tokens at the peak.
The current situation is made even more desperate by the lack of any plan for getting PEPE back. It would seem that the creators have jumped ship, together with big investors. With new tokens on the market, like WSM, it will be very hard for PEPE to get back into the game. The team behind WSM has gone to great lengths to avoid the mistakes PEPE’s creators made and has been devoted to creating a loyal following from day one. Although to be honest, their task was much easier due to the very nature of Wall Street Memes.
New Meme Coin Opportunities Arise with Wall Street Memes Presale
Wall Street Memes presale is one of the most successful ones since the start of the year. The popular meme coin has raised more than $19 million in just weeks, reaching an important milestone. With its hard cap goal around the corner, there is little time left before the presale ends weeks ahead of schedule. At this rate, the presale will end this week, as investors scramble to get a piece of the hottest meme coin on the market, further increasing the pace.
With presale speeding toward the endgame, the only question is how much will WSM pump once it hits the open market. Estimates vary from conservative 10x to extravagant 100x, but the truth is probably in the middle. Gaining 50x in the first-week post listing is something that could realistically be expected from WSM, according to several analysts. Judging by the massive success of the presale, we tend to agree with them.
WSM is the Meme Coin of the Revolution
The main thing that separates WSM from PEPE is the huge and loyal community behind it. Originating from r/wallstreetbets, WSM can count on the support of most of its 2 million members, eager to get revenge for the GameStop incident that put many of them in red. But for them, WSM is more than just an excellent investment opportunity. They consider it a badge of honor, a symbol of belonging to one of the most vibrant and market-savvy communities on the Internet, and one determined to wage war against the entire Wall Street establishment if need be. After all, it wouldn’t be the first time they have done it.
The entire GameStop saga left a bitter taste in the mouth of almost everyone who participated in it. It revealed the full extent of corruption on Wall Street and convinced even the biggest skeptics that the system is rigged. Wall Street Memes it the token that symbolizes the revolution against the establishment.
WSM Creators Forgo Team Rewards, Inspiring Investors’ Trust
In a surprising move, the creators of WSM forego all team rewards when divvying up the token’s supply. Instead, they opted to reserve 30% of the total supply for community rewards. We seldom see creators acting this unselfishly and rewarding the community loyalty, so kudos to them.
Half of the supply is allocated for presale, while the final 20% is set aside for DEX/CEX liquidity. Smart tokenomics ensures that there is no hidden agenda and that investors can be assured that the team is in for the long haul.
Conclusion
As Pepe loses steam, another token surfaces as a pretender for the next meme coin wonder. With its record-breaking presale coming to an end, Wall Street Memes is excellently positioned for the moonshot once it appears on crypto exchanges. With little time left to get WSM on the cheap, investors are rushing head over heels to get as many tokens as possible before its price explodes.
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