The Wall Street Memes community is buzzing with excitement following a recent big burn event that resulted in the incineration of 5% of the $WSM token supply. To add to the celebrations, WSM Casino has revealed plans for a massive $1 million $WSM airdrop. This announcement has stirred up quite a frenzy among crypto enthusiasts, with many eager to participate and claim their share of the airdrop pool.
Season One of the WSM Casino airdrop is set to kick off on March 8, offering a two-month window for participants to get involved. The team behind Wall Street Memes has promised to share more details in the coming week, keeping the excitement levels high among the community members. The airdrop announcement comes hot on the heels of a recent burn event, where 100% of the Net Gaming Revenue generated by WSM Casino between October 2023 and January 2024 was burned.
The NGR burn event was a strategic move to introduce deflation into the $WSM tokenomics. A whopping 100,000,000 $WSM tokens (equivalent to 5% of the total supply) were burned on February 29, setting the stage for recurring monthly burns for NGR on WSM Casino. This initiative aims to give back to long-standing $WSM holders and create a more sustainable ecosystem for the token.
Following the burn event, the market has responded with excitement, leading to a substantial upside move in the $WSM price. Currently trading at $0.012, Wall Street Memes has seen a 24-hour gain of +2.18%, showcasing a strong bullish breakout pattern atop the 20 DMA. The MACD at 0.000702 and a 15.28% increase in trading volumes further solidify the positive momentum for $WSM.
Despite Dogecoin’s prominence in the meme coin sector, $WSM has been outperforming its counterparts, including a leading token like $DOGE. While $WSM has witnessed a remarkable +65.6% gain over the past week, $DOGE has struggled with a -6.2% retracement in the same period. The recent rally in $WSM, fueled by the burn event, has created a buzz in the crypto space, setting it apart from its competitors.
With the upcoming $1 million airdrop campaign by WSM Casino, the rally is expected to gain further momentum as participants flock to wager with $WSM. The hype surrounding the project has even caught the attention of WSM affiliates, offering a lucrative 25% share of Net Gaming Revenue for players referred to the platform. This, coupled with a 200% bonus on first $WSM deposits, presents an attractive opportunity for individuals looking to capitalize on the growing popularity of Wall Street Memes.
For those interested in joining the Wall Street Memes community and staying updated on the latest project news, connecting with WSM Casino on social media platforms like Twitter, Discord, Instagram, and TikTok is highly recommended. Additionally, for those looking to engage in online gambling activities, it is essential to adhere to the rules and gamble responsibly, ensuring a safe and enjoyable experience for all participants.
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