The cryptocurrency market is no stranger to sudden surges in value, and the latest token to make headlines is TwitterDAO (TWITTER). In just ten hours, TWITTER experienced an astonishing increase of +11,800%. This exponential rise can be attributed to the growing popularity of meme-inspired tokens related to Twitter and Elon Musk.
Earlier this month, investors witnessed significant pumps in DEX-launched tokens linked to Twitter’s rebranding to ‘X,’ with some tokens soaring as high as +3,000%. As the technical structure remains strong, TwitterDAO is currently trading at $0.000098, captivating the attention of adventurous DEX traders who seek to witness another zero being sliced off the TWITTER price.
The rally began at midnight on August 4, following a relatively inactive trading period of 12 hours after its launch. However, at midnight, a substantial influx of trading volume caused the price to surge by an initial +1,200%. This momentum quickly snowballed, resulting in a frenzy, with almost $700k of trading volume flooding the market.
One of the factors reinforcing the perceived legitimacy of TwitterDAO was its ability to pass contract verification and honeypot detectors with ease. Furthermore, $412k liquidity was locked, further solidifying DEX traders’ confidence in this emerging token. Over the subsequent 7 hours, TwitterDAO experienced a steady +600% increase. Although there was a minor retracement (-30%) around 8 AM, the price quickly regained traction and continued to climb.
With over 1.2k transactions and a solid base of 436 holders, TwitterDAO has surpassed expectations as a DEX market entrant that shows promise for longevity. However, despite its skyrocketing traction, some market participants remain concerned about the vulnerability of DEX-launched tokens to pump-and-dump scams, prompting them to search for safer investment options with comparable upside potential.
Wall Street Memes: The Meme Coin with a Difference
Building on the momentum generated by the success of the NFT project from popular investor forum Wall Street Bets, Wall Street Memes aims to revolutionize the meme coin market. Born from the Occupy Wall Street culture, Wall Street Memes is a meme coin that seeks to tokenize the anti-bank movement and redefine our perception of digital value.
With a strong community of over +1 million followers, Wall Street Memes has quickly become one of the most highly anticipated meme coin launches since Pepecoin ($PEPE). The token’s presale is rapidly increasing in size, with the current amount raised at $21 million and the seed funding pot standing at $20.4 million.
One of the main appeals of Wall Street Memes is its democratic price point of just $0.0328. This low entry barrier has contributed to the surge in interest and investments, with the presale offering a built-in +30% bonus for early investors upon the initial listing. In the same spirit of the original anti-bank philosophy, 30% of the token supply will be allocated to community rewards, while 20% will go towards liquidity, and the remaining 50% will be available in the presale. This democratic allocation structure has fueled the explosive growth of the project on social media, attracting over 1 million followers within the community.
The rapid community growth and success of Wall Street Bets’ NFT collection have increased the likelihood of major CEX listings, such as Gate.Io. Such listings could potentially propel the $WSM token to new heights, creating a significant moon-shot opportunity for investors.
The explosive growth of TwitterDAO and Wall Street Memes has captivated the attention of both adventurous DEX traders and meme coin enthusiasts. While TwitterDAO has demonstrated impressive traction and legitimacy, there are concerns about the vulnerability of DEX-launched tokens to pump-and-dump schemes. On the other hand, Wall Street Memes presents a unique opportunity to participate in the anti-bank movement and potentially unlock lucrative gains. However, investors must carefully assess the risks and rewards before diving into these exciting yet volatile market opportunities.
Don’t miss out on the chance to secure a slice of the next skyrocketing meme token. Buy $WSM and join the revolution!