PigLido Meme Coin Gains 30,000% in 24 Hours and Wall Street Memes Could Be Next – Here's Why
In a stunning display, DEX token PigLido has skyrocketed a mind-blowing +30,000% in just 24-hours, and with a second-leg seemingly underway - how high could this moon-shot go?
PigLido token appears to be a spin-off of PigLido (PIGO) - a brand new Web3 ecosystem aiming to simplify access for users in developing nations in Asia and Africa.
Plans for the genuine PigLido project include the development of an exchange for Bitcoin and Ethereum, along with a market for NFTs and yield farming - all with the promise of AI integrations.
PigLido Price Analysis: Will PigLido Survive Retracement Move After Moon-Shot Launch?
Amid the explosive DEX launch, PigLido is currently trading at a market price of $0.003115 (representing a 24-hour change of +37,836%).
Launched at just 5AM on August 30, the token saw limited traction in the first hour of trading, however, at 6AM - 24-hours before the genuine PigLido presale ends - the spin-off project exploded +29,790%.
The monumental candle came as $397k in trading volume engulfed the token, driving price to a local high at $0.0032.
Yet, as the token brought gains for early backers to an impressive +37,836%, alarm bells began ringing as it emerged that the fake PigLido token could actually be a scam coin.
An examination of the four token audits revealed serial issues in the smart contract including blacklisting, the existence of a mint function, a hidden owner, and signs of a honey pot - such as no liquidity pool lock.
And while buy pressure remains strong; with 70% of transactions over the past 24-hours being buys - concerns emerge over the increasingly shady outlook for this fake project.
WSM Token Launch: 28 Days Until Biggest Meme Coin CEX Launch of Summer 2023
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 less than 30 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.
Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype
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 major CEX listings such as Gate.Io, 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.