In a stunning turn of events, TwitterDAO (TWITTER) has experienced an astronomical surge of +11,800% in just ten hours, causing significant waves in the cryptocurrency markets. This incredible moon-shot can be attributed to the growing meme value associated with Twitter and the influence of Elon Musk. Earlier this month, DEX-launched tokens linked to Twitter’s rebranding as ‘X’ also saw substantial pumps, with some tokens surging as high as +3,000%.
Despite a slow start and struggles to gain traction, TwitterDAO’s technical structure has remained strong throughout the week. Currently trading at $0.000098, intrepid DEX traders are eager to see the price of TWITTER break another zero. The unprecedented +11,800% rally began at midnight on August 4, following a period of inactive trading that lasted for 12 hours. At midnight, a significant influx of trading volume, amounting to nearly $700k, flooded the market, igniting the initial +1,200% surge. This surge quickly escalated into a frenzy, with DEX traders recognizing the legitimacy of this emerging token, backed by contract verification and honeypot detectors. Furthermore, the locking of $412k in liquidity further solidified the token’s credibility.
Over the next seven hours, there was a gradual +600% increase in price, building upon the initial surge. Although there was a minor retracement of -30% around 8AM, TwitterDAO swiftly regained traction and resumed its upward trajectory. The token currently boasts 436 holders and over 1.2k transactions, exceeding expectations as a DEX market entrant with the potential for long-term viability. However, concerns regarding the susceptibility of DEX-launched tokens to pump-and-dump scams remain, prompting some investors to seek alternative options with comparable upside potential and increased safety measures.
Wall Street Memes: The Meme Coin Movement with a Purpose
Born out of the spirit of the Occupy Wall Street movement and inspired by the NFT success of the renowned investor forum Wall Street Bets, Wall Street Memes (WSM) presents a unique approach to meme coins. With a substantial community of over one million followers, this meme coin’s presale has quickly become one of the most highly anticipated launches since Pepecoin ($PEPE). WSM aims to capitalize on the success of Wall Street Bets’ top NFT project and revolutionize our perception of digital value.
One of the main factors driving investor interest in Wall Street Memes is its democratic price point. Priced at just $0.0328, the WSM presale has attracted significant attention, raising nearly $21 million. The seed funding pot currently stands at an impressive $20.4 million. As the presale gains momentum, it sends a clear signal that investors can potentially unlock lucrative gains by investing in WSM, particularly due to the built-in +30% bonus for presale participants during the initial listing.
In line with its anti-bank philosophy, Wall Street Memes plans to allocate 30% of the token supply towards community rewards, with an additional 20% dedicated to liquidity. The remaining 50% is available in the presale, making this a truly democratic project for the masses. This equal distribution of tokens has fueled the explosive growth of the project’s social media presence, amassing over one million followers within the Wall Street Memes community. This surge in community growth is likely to attract major CEX listings, such as Gate.Io, potentially propelling the WSM token to new heights.
The success of Wall Street Memes can be attributed to its track record, stemming from the achievements of the Wall Street Bets NFT collection. The project continues to thrive on the momentum generated from its initial launch, with investors eagerly seeking to be a part of the next skyrocketing meme token. However, it is crucial to understand that crypto investments carry a high level of risk. This article provides information for informative purposes and should not be considered investment advice. Remember that there is a possibility of losing all invested capital.
The rise of new meme tokens such as TwitterDAO and Wall Street Memes signifies a shift in the cryptocurrency landscape. These tokens capture the attention of investors and traders, driven by both the allure of meme culture and the potential for significant gains. However, it is essential to approach these investments with caution, recognizing the inherent risks involved in the crypto market. As these projects continue to make headlines and attract attention, it is crucial for investors to conduct thorough research, stay informed, and make informed decisions based on their risk tolerance and investment goals.
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