Wall Street Memes Presale Enters Final Week After Raising Over $25 Million
The presale for Wall Street Memes ($WSM) has now just seven days left, leaving potential investors limited time to purchase tokens ahead of a potentially explosive IEO.
Wall Street Memes ($WSM), which launched at the end of May, has now raised more than $25 million in what has turned out to be one of the biggest and best crypto presales of 2023.WSM tokens are currently available to purchase for a fixed price of $0.0337.
The presale will close on Monday, September 25, at 7 pm UTC, with the hugely hyped project expected to list on a tier-1 centralized exchange shortly after.
Final Countdown for Biggest Meme Coin Presale of 2023
With the Wall Street Memes presale set to slam shut in just one week, investors are racing to secure tokens as hype is building ahead of its listing.
The project has been a huge success because of the underlying fundamentals and its meme coin potential.
Wall Street Memes has separated itself from a lot of meme coin projects because it wasn’t created solely as a crypto project.
In fact, the project was first launched in 2019 as an offshoot of the hugely popular Wall Street Bets subreddit, providing funny memes and posts about the crypto and financial markets.
They have since grown to have over a million combined followers across various social media platforms.
The founders dipped their first toe into Web3 in 2021, releasing the Wall Street Bulls NFT collection on Ethereum, which sold out its $3 million collection in just 30 minutes.
They have since released a Bitcoin Ordinals collection and, in May, opted to release the WSM token to mega hype from the community.
Elon Musk is a known fan, with the multi-billionaire CEO of Tesla and X having interacted with their page on numerous occasions.
There have even been rumors that Musk was behind a recent Wall Street Memes spending spree which saw one crypto whale buy 460 ETH of WSM tokens over five transactions in just six minutes in August.
The same account had spent a further 93 ETH on Wall Street Memes tokens just two weeks earlier, taking the total spend to over $1 million.
The huge social media following has allowed the project to spread quickly through the crypto space and raise tens of millions of dollars, with the home stretch now in site.
In the last week alone, there have been multiple purchases over 10 ETH (approx. $16k) as crypto whales look to get into the project before exchange volatility hits.
Wall Street Memes has also had positive reviews from numerous crypto influencers.
The likes of Joe Parys (380,000 subscribers) and Michael Wrubel (310k) have offered positive reviews of WSM and have been among the many analysts to describe the token as having 10x-plus potential after it launches.
Staking Rewards and Robust Tokenomics
While many meme coins offer little in the way of utility, Wall Street Memes offer one major one – staking.
Not only does staking allow holders to generate rewards by locking their tokens into a pool, but it can greatly affect price.
As it incentivizes holding and relieves selling pressure, the price of WSM could well increase.
According to the staking dashboard, around 340 million tokens have been added to the staking pool at the time of writing, offering stakers an estimated annualized percentage yield of 58%.
While this figure will drop the more tokens are added to the pool, it is still likely to outperform top staking coins such as Ethereum, Cardano, and Solana, which typically offer 5-10% APY.
The staking pool also gives Wall Street Memes a longer life cycle than most typical meme coins – which sometimes crash within a week.
Tokens will be unlocked over a five-year schedule, giving the project huge longevity. Those staking should note there is a minimum seven-day locking period.
Wall Street Memes also has a small supply for a meme coin, which can often run into the tens of billions or even trillions.
There are just 2 billion WSM tokens, 50% of which have been allocated to the presale. A further 20% has been reserved for exchange liquidity, while the remaining 30% is allocated for community rewards.
This not only includes the staking pool but also other airdrops, including an ongoing $50,000 airdrop.
While the presale is set to close on Monday, September 25 at 7 pm UTC, details and dates on claiming and the IEO have not yet been revealed.
Holders and potential investors can visit the Wall Street Memes Linktree for more information on the project and the latest news.
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