As TELE Token Shoots Up 50,000%, Crypto Whales are Accumulating This Lesser Known Meme Coin Before it Lists on Exchanges
In the latest straight to DEX moon-shot, TELE token has fired up +50,000% in a seismic move sending shockwaves through DEX markets.
This comes amid a wider interest in DEX tokens that take aim at the emerging trend for Telegram trading bots, which enable traders to execute bot trading strategies.
TELE Price Analysis: Will Technical Structure Hold After +50,000% Rally?
Despite a backdrop of gloom and doom from major crypto assets like Bitcoin, which dropped overnight due to the combined news that Chinese giant Evergrande have filed for bankruptcy, and Space X have sold their BTC stack – TELE is trading high at a current price of $0.295 (a 24-hour change of +29,286%).
Launched at just 9PM yesterday (August 17), TELE gained almost immediate traction in the opening hour as eagle-eyed DEX traders took aim at the narrative potential of the project.
This drove an initial +7,225% candle in the opening hour, firing price up from $0.003 to $0.225, in a move that caught DEX markets off-guard.
With a monolithic launch candle, the steady flow of traction soon trickled into a flood of DEX volume, with more than $3.6m in trading volume sweeping into the project.
The price of TELE boomed – hitting an all-time high around 3AM the following morning (August 18) at $0.40, leaving early backers sat on top of an almost +50,000 gain from launch.
Better yet? TELE is still riding high, with a well-defended consolidation above $0.25 in the 7 hours since.
And with TELE still trending as the ‘Hot #6’ on DEXtools, it could be that all is not over quite yet.
However, as ever with DEX trading, there are some risks – it is noteworthy that despite the +$3.6m market cap, there is only $238k liquidity locked – and with a 3% transactional tax, if price collapses it might be harder to sell than 1.2k bag-holders anticipate.
Wall Street Memes Explodes +$25M Raised in Biggest Meme Coin Presale of 2023
As the meme coin vertical makes a resurgence, there is one project on everyone’s watchlists and it’s not Dogecoin or JIM, the latest market entrant making waves on Crypto Twitter is Wall Street Memes.
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass +$25m in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.