Emoticon Token Shoots Up 1,000,000% and Blockchain Experts Say This Lesser Known Crypto is Next – How to Buy Early?
As on-chain markets continue to witness sensational price moves, EmotiCoin (EMOTI) has exploded over-night in an almost unbelievable +1,000,000% skyrocket.
Market frenzy has been ignited around EmotiCoin's promise of a Reverse Split protocol - a deflationary mechanism that reduces total supply every 4 hours over 14 days in -20% increments.
These unparalleled tokenomics induce intense scarcity in EmotiCoin supply - and with the price of a crypto asset equalling the market cap divided by the circulating supply - the price is likely to continue skyrocketing.
EMOTI Price Analysis: How High Can Deflationary Mechanism Carry EmotiCoin?
At the time of writing EmotiCoin is currently trading at a market price of $0.00001846 (representing a 24-hour change of +445.7%).
EmotiCoin was launched on September 1, and saw slow initial traction with the newly-hatched coin gaining just +3,150% in 9 days.
However, on September 9 the tides began to turn as DEX traders took notice of the consistent project growth driven by the reverse split tokenomics.
This triggered a trickle of trading volume, which pushed price up +236% over the next 24-hours, until mid-day on September 10 which saw $175k in trading volume surge into the project.
The sudden on-chain flow catalysed dramatic upside movements, with price exploding an additional 400% in the next 48-hours - as traders raced to take position in this tokenomic marvel.
The whopping surge has brought gains since launch to a jaw-dropping +1,000,000% return, a return that is only likely to grow as buy pressure continues to dominate representing 67% of transactions over the last 6-hours.
But, while DEX traders are riding this moon-shot token, other traders are shifting their attention to an upcoming tier-1 CEX listing that has been tipped as the biggest meme coin launch of 2023.
Wall Street Memes Set for Major Tier-1 CEX Listing After Moon-Shot +$25M Presale
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 15 days - lets deep dive why.
Deep-Dive: Why is Wall Street Memes Expected to Explode?
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.
Whale Wallet Sweeps Wall Street Memes Presale With $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 Million Strong Community and Moon-Shot Tokenomics
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.