XBULL Token is Up 1,000% Today But Crypto Experts Say It's a Scam – Here's What They're Stacking Instead
XBULL is the latest straight-to-DEX meme coin making waves in crypto markets this week, after huge traction fuelled a sensational +1,000% opening pump on launch.
XBULL appears to tap into the narrative surrounding Elon Musk's rebranding of Twitter to X.
XBULL Price Analysis: Is XBULL's +1,000% Rally a Scam Pump?
DEX markets are flooding into XBULL token amid the impressive +1,000% pump, and despite retracement XBULL token is continuing to push high, trading at a current price of $0.0001412 (a 24-hour change of +1,444%).
The latest market entrant to undertake a supercharged rally, the XBULL token was launched at just 2 AM this morning (August 17).
Failing to make much of an impression on markets in its opening hour, by 3 AM a trickle of traction grew into a flood of volume, and price exploded from a lowly $0.000075 to $0.000125 (+68%).
This gigantic hourly candle made an impression amid the low DEX volumes of the early morning trading session, and market interest swept into the project - fuelling a price explosion that topped out at $0.00015.
Yet, while early backers at this point had made an astounding +1,144% potential gain, price action soon gave way to technical retracement - which has so far seen XBULL bleed-out -8% since the local high at 7AM.
But with XBULL's rally fleeting, all is not over, as smart money have already began making moves on-chain to rotate profits into a new project with similar moon-shot potential.
Wall Street Memes Presale Smashes $24.5M Raised in Biggest Meme Coin Presale 2023
As the meme coin vertical makes a resurgence, there is one project on everyone's watchlists and it's not Dogecoin or JIM, the latest market entrant making waves on Crypto Twitter is Wall Street Memes.
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass +$24.5m in presale funding (surging towards its $25m target).
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 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 $0.0334, the WSM presale has surged with $24.5m raised. and 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.
Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype
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 Community Allocations Could Meet Major CEX Compliance
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 moonshot.
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.