PEPE3 Coin Blasts Up 10,000% in 24 Hours But Experts Say It's a Scam and Have Started Accumulating This Other Coin Instead
As straight-to-DEX moon-shots continue to dominate big moves in crypto markets, Pepecoin spin-off meme token PEPE3 has blasted up +10,000% in the stunning launch.
The dazzling moon-shot price action has seen PEPE3 explode across DEXtools, rising quickly to become the hot #2 trending coin on DEX markets over the past 24 hours.
Spin-Off Meme Coin Surges +10,000% Then Dumps Leaving 500+ Holders in the Dust
Launched at just 2AM this morning (July 31), PEPE3 saw an impressive opening hour with price instantly pumping an alluring +2,750%.
The strong move straight out the gates drew the attention of a substantial number of DEX traders, who flocked in droves to ride the latest skyrocket move.
A flurry of +$2m in trading volume flooded the token over the following 5 hours, posting an ATH at $0.0238 by 6AM.
This made early backers an almost unimaginable +10,000% in just 6 hours - driving PEPE3's market cap to a near instant $1.7m.
Yet, as is often said - is it all too good to be true?
Well for 527 PEPE3 DEX holders left high-and-dry by the consequent -95% dump, this could well be the case, as collapsed price action has already given way to scam coin allegations.
However, despite the rollercoaster price action sweeping through DEX markets, many astute investors have shifted their capital into a more stable moon-shot with multi-million community traction.
Introducing Wall Street Memes: Biggest Meme Coin Presale of 2023?
Born from the Occupy Wall Street culture, and emboldened by the NFT success of popular investor forum Wall Street Bets, Wall Street Memes is a meme coin with a difference.
With backing from an impressive community of more than +1m followers, this near-sell-out token presale is rapidly growing to become the most anticipated meme coin launch since Pepecoin ($PEPE).
Hoping to build on the success of Wall Street Bet's top NFT project, the new $WSM token is poised to take the meme coin market by storm.
In a meme coin homage to the intrepid investors that took on Wall Street, $WSM is aiming to transform powerful 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 $0.0328, the WSM presale has surged as a result rapidly approaching $20m raised with the seed funding pot currently at $18.8m.
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 Memes Taps Into Multi-Million Follower Traction
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 moon-shot.
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.