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Another X Meme Token Shoots Up 20,000% on DEXTools After Elon Musk Twitter Rebrand But Crypto Experts Say It’s a Scam – Here’s the Coin They’re Stacking Instead

Sam Cooling
Last updated: | 3 min read
Source / X

As Elon Musk’s Twitter rebrand continues to send shockwaves around the world, redefining a leading platform in the social media space, off-shoot ‘X’ meme tokens have seen sensational returns.

And in the latest price surge, another fresh-faced meme coin, also called ‘X’ has shot up +20,000% overnight.

This comes following a similar moon-shot earlier this week by another ‘X token’, which saw investors ride a +4,300% pump on decentralized exchange (DEX) markets.

How Did X Token Pump +20,000%?

DEXtools / X USD

Launched in the early hours of Tuesday 25, X token gained intense traction within an hour of hitting meme coin markets, surging from a launch price of $0.084 to a dizzying $0.063 in a dramatic pump.

But fuelled by a significant influx of more than $226k in immediate volume, the sensational run pushed even higher – with price action topping out at $0.064250 just four hours after launch.

This intense push-up saw the early backers amass an eye-watering +20,000% gain – outdoing the earlier run of fellow ‘X Token’ within less than a quarter day of trading.

The ferocity of this pump was driven by intrepid ranks of 420 holders that amassed 1.62k in transactions of the sudden pump.

But with the price now in tight-fought retracement, some experts have begun to allege that this new entrant in DEX markets could be yet another scam due to low liquidity locked.

Honeypot.is / X token

While the fundamentals remain strong, with open source coding and limited transactional taxes, this FUD has fuelled speculation that the electric run of X token might now be past its sell-by date.

Yet, despite the fact many now consider it to be too late to invest in X token, another enigmatic meme coin is making waves in the space – rocketing up to become one of the biggest meme coin presales of 2023.

Wall Street Memes Surges to $17.8m Valuation

Source / Wall Street Memes

Leading the meme coin pack this July is the dedicated meme coin Wall Street Memes.

It’s important to understand that Wall Street Memes token isn’t merely another meme coin – this is a project born from the now iconic Wall Street Bets Movement.

The strength of the traction behind this project lies in the fact the $WSM token is the next generation of a top NFT project, with WSM carrying on the promise of a complete shake-up of the meme coin world.

A homage to the retail investor uprising against institutional dominance, which gained widespread popularity during the Wall Street Bets movement, Wall Street Memes has turned this sentiment into a tangible asset.

The WSM token not only tokenizes the anti-bank movement but is also set to redefine the power dynamics surrounding how markets view digital value.

<oembed url="https://twitter.com/wallstmemes/status/1683963361661427712[/embed]

And with a current price of $0.0322 the WSM presale has already collected an impressive $17.8m, rapidly nearing its target of $18m.

The speed at which tokens are acquired signals a substantial potential return for early investors.

Indeed, by the end of the presale, they could enjoy over 30% paper gains, with further price appreciation expected once $WSM gets listed on major exchanges later this year.

Wall Street Memes: +1m Strong Community Will Enable CEX Listings

Source / Wall Street Memes

Reflecting the philosophy of community over central figures, Wall Street Memes has allocated 30% of the total token supply as community rewards. 

The significant traction of the Wall Street Memes community (which now exceeds +1m followers) also strongly indicates that $WSM will be listed on top-tier crypto exchanges like Gate.Io, which could trigger a bullish run for the token.

The Wall Street Memes presale offers a remarkable investment opportunity, as the project is backed by a proven record of successful digital asset launches and a substantial and engaged community – still thriving off the original moment in history.

But the fleeting time on the current presale price offers an enticing window for investors, especially with the knowledge that the price is set to increase shortly.

Join the revolution today, buy $WSM, and become part of the next big meme coin story.

Buy $WSM Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.