TRUMP2024 Blasts Up 1,000% as Crypto Markets Bounce and This Lesser Known Coin May be The Next Crypto to Explode
As the media circus around Donald Trump's indictment unpack the latest gagging order, on-chain markets haven't skipped a beat - as TRUMP2024 blasts up +1,000% in sensational move for Presidential meme coin.
This comes amid a wave of activity in DEX trading, empowered by the emergence of Telegram trading bots - which enable even novice retail users to trade on-chain instantly with minimal risk to MEV bots and human error.
With the next US Presidential Election glistening on the horizon next November, market sentiment is shifting towards an increasingly bullish outlook for coins that can tap into political fanfare and humour.
TRUMP2024 Price Analysis: Can Latest Donald Trump Coin Moon-Shot?
Amid the wild upside move, TRUMP2024 is currently trading at a market price of $0.081880 (representing a 24-hour change of 571%).
This comes as TRUMP2024 price action enters localised retracement, as early-backers lock in profits from Yesterday's dramatic pump.
Donald Trump token was first launched way back on August 27, but limited growth in the the first 3-weeks did little to incentivise a rally.
However, the global media circus around Trump's recent gagging order appears to have triggered an initial surge of interest on September 18, with price pushing up to an all-time high at $0.08335.
The skyrocketing candle on September 18 was triggered by a flood of more than $630k in trading volume, which fuelled TRUMP2024 growth to an impressive $1.45m market cap practically overnight.
Indeed, with almost 1,000 bag-holders taking position, driven by dominant buy pressure (accounting for 60% of transactions over the past 24-hours) - price action looks poised to consolidate here at this high lower level.
But while DEX traders and on-chain Telegram bots are glued to TRUMP2024's extreme volatility, an upcoming CEX listing has caught the attention of smart money following a phenomenal +$25m raised presale funding round.
In Just 1 Week a $25M+ Valued Meme Coin Will Launch on Top CEX - Meet $WSM
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 6 days - lets deep dive why.
Exploring: Why is Wall Street Memes Expected to Explode on Tier-1 CEX?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million 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 CEX 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.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Whales Surge into Wall Street Memes Presale Following Huge $840k Purchase
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme's Presale Community Breaks Monolith 1M+ on Crypto Twitter
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale - this is a democratic project for the masses.
And this no-team split has fuelled the project's explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.
And with long-term holding incentivized by Wall Street Meme's novel staking mechanism - which boasts an eye-watering 282% APY - this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
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.