The media circus surrounding Donald Trump’s indictment hasn’t deterred on-chain markets, as meme coins related to Trump and MAGA (Make America Great Again) have experienced significant growth. During the “on-chain summer,” the TRUMP2024 token surged by 10,000%, while the MAGA token skyrocketed by 20,000%. This remarkable growth can be attributed to the increasing interest in DEX (Decentralized Exchange) trading, powered by the emergence of Telegram trading bots. These bots allow even novice retail users to engage in on-chain trading instantly, minimizing the risk of MEV bots and human error. As the next US Presidential Election approaches in November, there is a growing bullish sentiment towards meme coins that tap into political fanfare and humor.
TRUMP2024: A Sensational Price Surge and Potential Consolidation
TRUMP2024, a meme coin inspired by Donald Trump, is currently trading at $0.081880 with a 24-hour change of 571%. The recent surge in price led to a localized retracement, as early backers locked in their profits. The token was initially launched on August 27 but failed to gain significant traction in the first three weeks. However, Trump’s recent gagging order triggered a surge of interest on September 18, pushing the price to an all-time high of $0.08335. The sudden price spike was fueled by a trading volume of over $630k, catapulting TRUMP2024’s market cap to an impressive $1.45 million overnight. With almost 1,000 bag-holders and dominant buy pressure, the price appears to be consolidating at this higher level.
While DEX traders and on-chain Telegram bots analyze TRUMP2024’s extreme volatility, smart money is paying attention to an upcoming Centralized Exchange (CEX) listing. Wall Street Memes, another meme coin, completed a phenomenal pre-sale funding round, raising over $25 million. This funding indicates significant support for the project, which aims to capitalize on the sentiment and community of Wall Street Bets – a movement that challenged traditional finance. With a community of over one million members, Wall Street Memes stands out as a top choice for a major CEX launch in just six days.
Wall Street Memes seeks to transform the sentiment of the Wall Street Bets community into a tangible asset. The project aims to not only tokenize the anti-bank movement but also redefine the concept of digital value. What attracts investors the most is its democratic price point of $0.0337, which has enticed thousands of early backers during the pre-sale period. Additionally, with a built-in +30% bonus for pre-sale investors at the initial listing, there is a clear signal that lucrative gains may be unlocked with Wall Street Memes.
The excitement surrounding Wall Street Memes is exemplified by a crypto whale’s investment of $1 million during the pre-sale in early August. The whale address made five transactions totaling 460 ETH ($840,000) within six minutes. The same wallet had previously invested in 93 ETH worth of Wall Street Memes. These significant investments are a vote of confidence in the project’s potential return on investment. Wall Street Memes plans to allocate 30% of the token supply to community rewards, 20% towards liquidity, and offers 50% in the pre-sale, promoting a more inclusive and democratic project for the masses.
The Power of Wall Street Memes’ Community
Wall Street Memes has experienced explosive growth on social media, amassing over one million followers in the community. This remarkable growth is likely to translate into significant gains during the upcoming CEX launch in 23 days, potentially sending the $WSM token on a moon-shot trajectory. Additionally, the project incentivizes long-term holding through its novel staking mechanism, which offers an impressive 282% Annual Percentage Yield (APY). With a proven track record demonstrated by the success of the Wall Street Bets NFT collection, Wall Street Memes continues to thrive off its original moment in history when it first emerged onto the scene.
If you don’t want to miss the next explosive growth in the meme coin market, consider connecting with Wall Street Memes on Twitter and Telegram. However, it’s important to note that crypto investments come with high risk. This article is provided for informational purposes only and does not constitute investment advice. Always be aware that you could potentially lose all of your capital when investing in cryptocurrencies.