The launch of a new meme coin called Apple Coin ($APPLE) across decentralized exchanges saw an explosive start on Friday, rallying as much as 50,000%. The coin opened for trade around $0.0003 and rallied as high as $0.15, giving it a market cap of $1.5 million at the time. However, the coin has already fallen back over 97% from its earlier highs to around $0.003, leaving traders unsure of its fundamental value beyond being another pump and dump. Apple Coin’s website is light on details, and the only promise made is that buyers will help shape the project’s future. Despite this, the coin’s trading volumes have surpassed $490,000 since its launch, and the crypto token has attracted over 150 holders with a liquidity pool of over $18,000 in locked liquidity.
Wall Street Memes’ $WSM Token Presale
Wall Street Memes community rose to prominence in the meme stock craze of 2021 and has been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token. The presale has raised close to $8 million in just over two weeks, surpassing 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection, which made $2.5 million and sold out in 32 minutes. Crypto experts rank $WSM as one of 2023’s hottest meme coins and best presales of 2023. Crypto whales have been aggressively buying $WSM, with one whale buying nearly 30 ETH worth of $WSM tokens three days ago, and another securing 37 ETH worth of $WSM tokens six days ago via two separate transactions. Whales have executed trades to buy at least 10 ETH worth of $WSM tokens on 14 separate occasions since the presale began just over two weeks ago.
The Wall Street Memes Community
Wall Street Memes has a one million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance. There are 523k hyper-engaged community members on its wallstbets Instagram account, 214k on Twitter, and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft. The focus of Wall Street Memes is on empowering the little guy, and 100% of the token supply is for the Wall Street Memes community. There is no behind-the-scenes private sale, and no team allocation largesse. 50% of the token supply is available in the presale, 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.
Analysts Predict 10x Gains for Wall Street Memes’ $WSM Token
Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges. 10x gains from $WSM’s exchange listing price of $0.0337 would see the token reach a fully diluted market cap of $674 million. Some analysts have said $WSM could even match the size of major established meme coins like Dogecoin and Shiba Inu, which have respective market caps of around $8.5 and $4 billion. 100x gains to a market cap of over $6 billion shouldn’t be ruled out as, in crypto markets, anything is possible, especially when your coin is backed by over a million committed degens.
Wall Street Memes’ $WSM token presale has raised close to $8 million in just over two weeks, surpassing 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection. The community has over one million members, and analysts predict 10x gains for $WSM when it lists on exchanges. The $WSM token has the potential to match the market caps of established meme coins like Dogecoin and Shiba Inu, backed by over a million committed degens. However, cryptocurrencies are highly volatile investments with considerable risk, and investors should always do their research before investing.
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