In a stunning turn of events, the new token TwitterDAO (TWITTER) has surged an astonishing +11,800% within a mere ten hours. This explosive growth has sent ripples across the crypto markets, capturing the attention of traders and investors alike. The unprecedented rise of TwitterDAO can be attributed to its strong meme value, particularly related to Twitter and Elon Musk. It is worth noting that earlier in August, DEX-launched tokens associated with Twitter’s rebrand to ‘X’ experienced significant pumps, with some soaring as high as +3,000%. As we delve deeper into this phenomenon, it is evident that TwitterDAO’s technical structure remains robust, contributing to its successful trading performance. With a current price of $0.000098, intrepid DEX traders are eagerly anticipating the next milestone of smashing another zero off TWITTER’s price.
The Midnight Ignition and Influx of Trading Volume
The remarkable +11,800% rally of TwitterDAO commenced at midnight on August 4, following a relatively inactive period of 12-hours trading. During this initial phase, TWITTER struggled to gain traction upon its launch. However, a considerable influx of trading volume at midnight sparked an initial +1,200% surge in price action. This surge quickly snowballed into a frenzy, with nearly $700k of trading volume flooding in from the market. DEX traders saw the emerging token as legitimate, given its successful passage through contract verification and honeypot detectors. This legitimacy was further cemented by $412k liquidity being locked. Following the initial surge at midnight, there was a gradual +600% pump over the subsequent 7 hours. Although a minor retracement of -30% occurred around 8AM, TWITTER’s price regained traction and continued to push upwards during the final day of the trading week.
The Potential Longevity and Concerns
With over 1.2k transactions and a steadfast bank of 436 holders, TwitterDAO has already surpassed expectations as a DEX market entrant. These numbers suggest that TWITTER might have the potential to establish a lasting presence in the market. However, amidst the skyrocketing traction, concerns have arisen regarding the vulnerability of DEX-launched tokens to pump-and-dump scams. Some market participants are now seeking out safer investment options that offer comparable upside potential. The unpredictable nature of the crypto market necessitates caution and thorough analysis while making investment decisions.
Born from the cultural movement of Occupy Wall Street and inspired by the NFT achievements of the popular investor forum Wall Street Bets, Wall Street Memes is a meme coin unlike any other. With a substantial community of more than +1 million followers, this token presale is poised to become the most highly anticipated meme coin launch since Pepecoin ($PEPE). The creators of Wall Street Memes aim to capitalize on the success of Wall Street Bets’ top NFT project by revolutionizing the meme coin market.
One of the primary factors driving investor interest in Wall Street Memes is its democratic price point of just $0.0328. The WSM presale has experienced a surge in demand, swiftly approaching $21 million in funds raised, with the seed funding pot currently at $20.4 million. The speed at which the presale is growing signals the potential for lucrative gains for investors. Additionally, the initial listing offers a built-in +30% bonus for presale investors.
An Emphasis on Community Rewards and Liquidity
In line with the project’s anti-bank philosophy, 30% of the token supply will be allocated to community rewards, while an additional 20% will be dedicated to liquidity. This approach fosters a democratic project that aims to benefit the masses. The lack of a team split has fueled explosive growth for Wall Street Memes on social media, gathering an impressive +1 million followers within the community. This rapid community expansion is likely to attract major CEX listings, such as Gate.io, and potentially propel the $WSM token to new heights.
A Thriving Project and a Promising Future
Wall Street Memes builds upon the success of the Wall Street Bets NFT collection, which has established a proven track record. The project continues to captivate individuals who seek a slice of the next skyrocketing meme token. Its unique approach, community-driven ethos, and the potential for substantial gains make it an enticing investment opportunity that should not be overlooked.
The surge of TwitterDAO demonstrates the immense power of meme value in influencing crypto markets. The astonishing growth of this token in just ten hours is a testament to the ever-evolving dynamics of the crypto space. Meanwhile, Wall Street Memes represents the latest wave of meme coins, seeking to redefine our perception of digital value and inspire a new generation of investors. As the crypto market evolves, it is crucial to approach investments with a discerning eye, weighing the potential risks and rewards.