The cryptocurrency market has been shaken by the sudden surge of a new token called TwitterDAO (TWITTER). In a span of just ten hours, TWITTER skyrocketed by an astonishing 11,800%. This exponential growth can be attributed to the strong meme value associated with Twitter and Elon Musk.
In August, the crypto market witnessed significant pumps for DEX-launched tokens related to Twitter’s rebranding to ‘X’, with some tokens reaching as high as 3,000% gains. The technical structure of TwitterDAO remains robust as it continues to trade high at a current price of $0.000098. DEX traders are eager to push the TWITTER price even further by breaking another zero barrier.
The incredible rally of 11,800% began at midnight on August 4. Despite a slow start in the first 12 hours of trading, TWITTER gained traction after a significant influx of trading volume at midnight. Approximately $700k of trading volume flooded in from the market, propelling TWITTER to its meteoric rise. The legitimacy of this emerging token was further solidified by its successful contract verification and honeypot detection, as well as $412k liquidity locked.
Over the next seven hours, there was a gradual 600% increase in price following the initial surge at midnight. Although TWITTER experienced a minor retracement of 30% around 8 AM, it quickly regained traction and continued to push upward. With 436 holders and over 1.2k transactions, TwitterDAO has surpassed expectations as a DEX market entrant that may have a lasting impact.
Concerns and Comparisons
Despite the unprecedented success of TwitterDAO, there are concerns among market participants regarding the vulnerability of DEX-launched tokens to pump-and-dump scams. As a result, some investors are seeking out safer options that offer comparable upside potential.
One such alternative is Wall Street Memes (WSM), a meme coin with a difference. Inspired by the Occupy Wall Street culture and fueled by the NFT success of the popular investor forum Wall Street Bets, WSM aims to redefine our perception of digital value. With the backing of a community of over 1 million followers, this meme coin’s presale is rapidly gaining momentum and becoming one of the most highly anticipated launches since Pepecoin ($PEPE).
The Power of Wall Street Memes
WSM aims to harness community sentiment and transform it into a tangible asset, embodying the anti-bank movement. What attracts investors to WSM is its democratic price point of just $0.0328. The presale has seen significant growth, with nearly $21 million raised and the seed funding pot currently at $20.4 million.
Investors participating in the presale will receive a built-in benefit of 30% in the initial listing, providing an opportunity for lucrative gains. In line with its anti-bank philosophy, WSM plans to allocate 30% of the token supply to community rewards, with an additional 20% dedicated to liquidity. The remaining 50% is available in the presale, making it a project for the masses.
WSM’s explosive growth on social media, spearheaded by its impressive community of over 1 million followers, is likely to attract major CEX listings such as Gate.Io. This could potentially send the WSM token on an incredible moon-shot trajectory. Building on the success of the Wall Street Bets NFT collection, WSM has established a strong track record and continues to thrive in the cryptocurrency market.
The Next Skyrocketing Meme Token
If you don’t want to miss out on the opportunity to secure a slice of the next skyrocketing meme token, now is the time to buy WSM. This token has captured the attention of investors and has the potential to deliver substantial returns. Join the Wall Street Memes community and be part of the movement that is reshaping the future of digital value.
Remember, the cryptocurrency market is volatile and presents risks. Conduct thorough research and consider your own risk tolerance before making any investment decisions.
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