Strange Smurf Token шайлушай Shoots Up 100,000% and Viral Meme Coin WSM Raises More Than $25 Million – Will This New Coin Overtake Shiba and DOGE?
As on-chain pumps continue to dominate crypto market activity, Real Smurf Cat token (шайлушай) has exploded overnight in an enigmatic moon-shot, as On-Chain Summer goes global - how high can this strange Russian smurf token fly?
The sensational Slavic token has origins in 2023's break-out meme in Russian internet circles - which saw a strange blue toad smurf character juxtaposed with the word 'шайлушай'.
Falling under the bracket of 'abstract' memes, шайлушай is a meaningless nothing - when pronounced consonantly it forms a word in the middle of «послушай» (listen), «шайтан» (devil) and «лишай» (lichen).
And with initial traction from Russian traders, Real Smurf Cat token appears to have become a hit with Western crypto markets - already delivering impressive 20x returns - with some speculating the run could push to 200x.
Real Smurf Cat Price Analysis: How high can шайлушай skyrocket fly?
Amid the sensational price moves, шайлушай is currently trading at a market price of $0.00002448 (representing a 24-hour change of +156,649%.
Launched at just midnight on September 14, шайлушай saw little traction in the first hour, however, at 1AM a huge flood of trading volume triggered a dramatic +5,545% climb to a local high at $0.000029.
The seismic move was powered by an influx of more than $8.21m in trading volume - which has left price action reeling in heavy chop as шайлушай attempts to establish a consolidation level.
Overnight volatility saw шайлушай make an all-time high of $0.000038 at around 8AM this morning, bringing gains for early backers to a jaw-dropping +100,000%.
DEX traders are no awaiting a second bounce in what appears to be a forming double-bottomed support above $0.00017.
To the upside, шайлушай remains targeting the previous all-time high at $0.000038 (a potential +33.9% move from here).
While to the downside, шайлушай faces the risk of tumbling down to $0.000017 (a possible -40% in normal market conditions).
This leaves шайлушай with a current short-time frame risk: reward composition of 0.85 - with downside risk now threatening to dominate.
However, constant buy pressure could trigger another major rally leg - with buy transactions still comprising 61% of trades over the past hour.
Yet, while Russia's шайлушай battles on, smart money are already rotating their new gains into the biggest meme coin presale of H2 2023 ahead of its upcoming debut on a tier-1 CEX.
Less Than 2 Weeks Until Wall Street Memes CEX Listing After Huge +$25M Presale Funding Round
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 13 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 Are Backing 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 Has Seen Monolith 1M+ Community Emerge on CT
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.