WOJAK Token Rockets Up 5,000% in 24 Hours But Experts Say It's a Scam – Here's the Next Crypto to Explode
In the latest straight-to-DEX pump, spin-off meme coin Wojak (WOJAK) has surged an eye-watering +5,000% in just 8 hours as DEX-launched coins continue to dominate big moves.
WOJAK Price Analysis: Is +5,000% Pump Sustainable for New DEX Coin?
Launched at 12:00 on Monday July 31, the WOJAK token saw a slow open on the market, with an initial 700% pump up to $0.0625 across the first 5 hours.
The steady upside move caught the attention of eagle-eyed DEX traders, and a significant influx of $84k in trading volume fuelled an explosion in price action with WOJAK pushing up an additional +418% over the following 3 hours.
With volume flooding in, early backers saw their initial investments surge from $0.0730 to a monumental $0.051225 bringing total gains to +5,000%.
But despite emboldened ranks of 171 holders, alarm bells began ringing on the supercharged move, with only $12k of liquidity available to DEX traders.
Panic ensued the market, triggering a cascading dump which saw price bleed-out -65%, this was followed by a fleeting exit rally, before a final seismic move down brought altcoin top buyer losers to -72.5%.
With technical structure collapsed, it seems the short lifecycle of this WOJAK spin-off token is finished, and smart money has already began rotating DEX profits into an exploding meme coin presale capturing the winds of the Summer meme season.
Wall Street Memes Accelerates to $20m Raised in $WSM Presale
Born from the Occupy Wall Street culture, and emboldened by the NFT success of popular investor forum Wall Street Bets, Wall Street Memes is a meme coin with a difference.
With backing from an impressive community of more than +1m followers, this near sell-out token presale is rapidly growing to become the most anticipated meme coin launch since Pepecoin ($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 $19m.
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.
How +1m Follower Count Community Could Fuel CEX Growth for Wall Street Memes
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.