In the world of cryptocurrency, meme coins have become a phenomenon, capturing the attention of traders and investors alike. One of the most notable examples is TRUMP2024, a meme coin associated with former President Donald Trump and his Make America Great Again (MAGA) movement. Over the past few months, TRUMP2024 has experienced extraordinary growth, with its token value skyrocketing by an astonishing +10,000%. This surge in popularity can be attributed to the growing interest in political fanfare and humor in the crypto community.
When TRUMP2024 was initially launched on August 27, it failed to gain significant traction. The first three weeks saw limited growth, and the coin struggled to incentivize a rally. However, the situation changed dramatically on September 18, following a media frenzy surrounding a gagging order on Donald Trump. This triggered a surge of interest in TRUMP2024, resulting in its price reaching an all-time high of $0.08335. The massive increase in trading volume, totaling over $630k, fueled TRUMP2024’s market cap to an impressive $1.45 million practically overnight.
Market Sentiment and Consolidation
Currently, TRUMP2024 is trading at a market price of $0.081880, marking a 24-hour change of 571%. As the early-backers secure their profits from the previous pump, the token’s price has entered a localized retracement phase. Despite this retreat, the market sentiment remains overwhelmingly bullish, with nearly 1,000 bag-holders taking positions. Dominant buy pressure, accounting for 60% of transactions in the past 24 hours, suggests that the price action is likely to consolidate at this high lower level.
The Smart Money Shifts to Wall Street Memes
While TRUMP2024 continues to captivate DEX traders and Telegram bots due to its extreme volatility, another meme coin, Wall Street Memes (WSM), has caught the attention of smart money. Wall Street Memes, a project that aims to tokenize the anti-bank movement and redefine our perception of digital value, has recently completed a highly successful presale funding round, raising over $25 million.
A Community of Millions
Wall Street Memes has garnered a massive following, with over one million community members. The project’s ability to amass such a dedicated community before even entering DEX markets is unprecedented for meme coin projects. Early investors have been lured not only by the coin’s democratic price point of $0.0337 but also by the promise of substantial gains. The WSM presale has raised $25 million, and presale investors can expect a built-in +30% bonus upon its initial listing.
A mysterious whale address made headlines by investing $1 million in Wall Street Memes’ presale in early August. The whale conducted five separate transactions totaling 460 ETH, equivalent to $840,000, over just six minutes. This significant investment further cemented the crypto community’s confidence in Wall Street Memes and its potential for high returns.
A Democratic Project for the Masses
One of the reasons behind Wall Street Memes’ explosive growth is its no-team split approach. The project allocates 30% of its token supply to community rewards, 20% to liquidity, and offers the remaining 50% in the presale. This democratic structure has resonated with the crypto community, resulting in an impressive one million followers across social media platforms.
The Future Outlook for Wall Street Memes
With an upcoming CEX launch in just 23 days, Wall Street Memes is poised for significant growth. The success of the Wall Street Bets NFT collection has laid a solid foundation for the project, and its novel staking mechanism, boasting an astounding 282% APY, incentivizes long-term holding. Investors looking to join the meme token frenzy should keep an eye on Wall Street Memes’ social media channels for updates and opportunities to connect with the community.
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