X Token Blasts Up 5,000% in 24 Hours as Elon Musk-Inspired Coins Go Viral But Crypto Whales are Accumulating This Lesser Known Crypto Instead

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Sam Cooling

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Sam Cooling

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Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

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October 19, 2023 11:29 EDT

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Decentralized Exchange (DEX) markets have experienced a significant upheaval this week, largely driven by tech guru Elon Musk. 

After Elon’s Twitter rebranding to ‘X’, a number of new meme coins have launched with the X token rallying up 4,300% overnight.

Musk’s moon-shot move has once again disrupted the market, nudging cryptocurrency valuations to their zenith.

Yet, as Musk busied himself with revising Twitter’s online aesthetic, creators of the rapid-launch ‘X’ meme token remained undeterred. 

In the dead of night at 4 am, the ‘X’ token was unleashed onto crypto markets, triggering an extraordinary initial trading frenzy.

The Day of the X Meme Token: A Stratospheric Debut

The nascent stages of the X token’s launch were met with modest growth, soaring a mere +500%.

However, as news about Musk’s latest venture swept across the globe over the weekend, a tidal wave of trading activity catapulted the token’s value into uncharted territory.

By the sixth hour of trading, early adopters sat atop a staggering +3,400% gain as trading volumes exceeded $1.34m, pushing the token’s peak value to $0.58. 

This represented a mind-boggling +4,300% surge from its original listing price of $0.0135.

However, this exorbitant leap was not destined to last, despite recording an impressive 8.92k transactions and amassing more than a thousand holders in a day, the token’s value plunged by -78%.

 Still, crypto enthusiasts are already scouting the next potential goldmine.

The Meteoric Rise of Wall Street Memes: Poised to Be the 2023 Meme Coin Titan?

The Wall Street Memes token ($WSM) pre-sale is causing quite a stir within the meme coin community.

 Already amassing an unprecedented $17.5 million, it is rapidly becoming one of 2023’s most significant pre-sales.

The $WSM token is no ordinary meme coin; it was born from a 2021 insurrection against Wall Street. 

Its soon-to-be-released roadmap, coupled with a successful pre-sale that exceeded all expectations, suggests a future filled with boundless possibilities.

Wall Street Memes Community Now Exceeds 1 Million Followers

$WSM not only boasts a solid track record of prompt asset launches and sell-outs but also a fervent community of over a million followers. 

With its current price hovering at $0.0322 and expected to rise once the pre-sale reaches $18 million, it might be the perfect time to join the $WSM rocket ride.

The true appeal of Wall Street Memes lies in its origins, grounded in fair play, with no private sales or team allocations exist; the $WSM supply is in the community’s hands, a tokenization of a revolution free from pump-and-dump schemes.