PayPal USD Fans Token is the Latest Crypto to Blast Up 20,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next
In a slapstick shot at PayPal's recent announcement of a new stablecoin, PYUSDF has become the latest DEX-launched meme token to undertake a sensational overnight rally.
The spin-off coin is a tongue-in-cheek take on PayPal's new stablecoin offering, which sent waves through markets, initially on its 1:1 cash reserve but later due to a freeze function found in the smart contract.
And in typical crypto fashion, DEX markets aren't missing out on the action, with a surge in PayPal-themed meme coins gaining substantial traction.
PYUSDF Price Analysis: Can PayPal Meme Token Post-Second Rally?
Launched at 16:00 on August 10, PYUSDF gained instant supercharged traction, as DEX traders raced in fuelling an almost unimaginable +10,500% candle in the opening hour
The initial pump captured the attention of the market, and over the next 12 hours PYUSDF steadily fought its way up an additional +70%, until a final huge green candle (+50%) sent price skyrocketing to a local high at $0.03.
Overall, PYUSDF saw an incredible +22,975% gain for early backers, driven by an enormous $1.32m in trading volume.
Yet, as the saying goes all good things must come to an end, and PYUSDF is no exception.
At 06:00 on August 11, a seismic dump dropped onto the chart, with price plummeting a dramatic -60% in less than an hour.
Leaving traders in disarray and markets in abject panic, the dump turned into a cascade and three hours later when the dust had settled, top buyers were left facing a -93.5% move.
But, now it appears PYUSDF could be staging for a second rally, as two consecutive hours of upside momentum have fought tough sell pressure to push up an admirable +40% in the hours since - leaving 1,180 bag holders hopeful.
While DEX markets aren't skipping a beat on PayPal's entrance to the stablecoin market, less extreme investors are sizing up an emerging meme coin presale with long-term growth potential.
Meme Coin With $23m Presale & +1m Strong Community: Wall Street Memes
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 +$23m in presale funding.
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.
But what really has investors flocking in, is its democratic price point at just $0.0331, the WSM presale has surged with $23m raised. and with the speed of the presale growing faster by the day, 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.
Wall Street Meme's is Tipped for Major CEX Listing in Upcoming Launch
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 major CEX listings such as Gate.Io, which could propel the $WSM token on an incredible moonshot.
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.
Don't miss your chance to secure a slice of the next skyrocketing meme token.
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.