As Donald Trump dominates headlines and faces legal challenges, the meme coin market continues to thrive. One standout in this market is the Trump (MAGA) meme coin, which has surged an incredible +20,000% on-chain. The recent State of Georgia v. Donald Trump indictment case, which led to Trump surrendering to authorities, including a mug-shot and paperwork processing, has fueled further interest in the coin. Despite the legal proceedings, the Trump campaign has managed to make over $9.4 million by selling merchandise featuring Trump’s mug-shot, particularly t-shirts. This buzz around the mug-shot has propelled the MAGA coin’s market cap from $250,000 to $5 million, attracting attention from eagle-eyed DEX traders.
Amidst the media frenzy, the MAGA coin has experienced an explosive recovery rally. After a significant -80% retracement from its all-time high of $0.15 on August 27, the coin’s price has rebounded. A strong display on August 29 resulted in a well-defended double-bottomed consolidation, setting the stage for the ongoing second rally. Since then, MAGA has surged +195% from its consolidation lows, offering relief to bag-holders. Buy pressure remains strong, with 73% of the recent transactions attributed to buyers. The surge in market cap from $250,000 to $5 million can be attributed to a flood of trading volume, totaling over $513,000 in the last 24 hours. With nearly 1,500 dedicated bag-holders, MAGA continues to exhibit strong price action, with signs of little scam activity.
While DEX traders take on significant risks with coins like MAGA, more astute investors are gravitating towards a safer option. Enter Wall Street Memes (WSM), one of the biggest meme coin presales of 2023. During the past few months, the project amassed over $25 million in seed funding from early backers, making it a rockstar project in the meme coin space. With a community of over one million strong, Wall Street Memes stands out as a top choice for the biggest coin CEX launch of Q3 2023, scheduled in less than 30 days.
Wall Street Memes seeks to transform the powerful sentiment of the Wall Street Bets community into a tangible asset. The project aims to tokenize the anti-bank movement and challenge traditional notions of digital value. One key element attracting investors is the democratic price point of $0.0337 for each WSM token, which has enticed thousands of early backers. The WSM presale has soared with $25 million raised, indicating the potential for lucrative gains. Presale investors even enjoy a built-in +30% bonus in the initial listing, further increasing their potential returns.
To highlight the excitement around Wall Street Memes, a crypto whale invested $1 million in the WSM presale in early August. This mystery whale address carried out five transactions, totaling 460 ETH valued at $840,000, within six minutes. An additional 93 ETH was invested by the same wallet two weeks earlier. In total, $1 million from a mystery investor has been injected into WSM. Such significant investments from the crypto whale serve as a vote of confidence in the project’s potential for high returns.
Wall Street Memes sets itself apart by allocating 30% of the token supply to community rewards, 20% to liquidity, and offering the remaining 50% in the presale. This fair distribution of tokens has fueled explosive growth on social media, with the Wall Street Memes community amassing over 1 million followers. The project’s rapid community growth is likely to attract major CEX listings, such as Gate.Io, which could propel the WSM token to new heights. Furthermore, Wall Street Memes incentivizes long-term holding through its novel staking mechanism, boasting an impressive 282% APY, further adding to its appeal.
With a proven track record, showcased by the success of the Wall Street Bets NFT collection, Wall Street Memes continues to thrive. This project capitalizes on a significant moment in history when $WSM burst onto the scene. Don’t miss your chance to be a part of the next skyrocketing meme token. Connect with Wall Street Memes on Twitter and Telegram and secure a slice of the action.
As the meme coin market remains active, the Trump (MAGA) meme coin and Wall Street Memes (WSM) lay claim to the spotlight. While the MAGA coin showcases impressive recovery and market cap growth, Wall Street Memes offers a safer alternative for investors. With the backing of a strong community and the potential for major CEX listings, WSM is poised for success. Don’t overlook the opportunity to participate in the meme coin phenomenon. Get involved with Wall Street Memes and potentially unlock significant gains.