Famous billionaire and crypto enthusiast Elon Musk’s new favorite coin, Wall Street Memes, has reached record levels with the ongoing pre-sale event.
Knowing about Elon Musk’s interest in Dogecoin, Elon Musk, who has not fallen off the agenda with the social media platform Twitter, which he bought last year, as well as the electric car manufacturer Tesla and space transportation company SpaceX, which he is the founder of, is the new favorite coin of the famous businessman. It’s been a long time watching which one will happen.
The community, which closely branded Elon Musk’s eventful posts, encounters the Wall Street Memes project, which meets with its investor with a pre-sale event organized to purchase Wall Street Memes tokens.
The pre-sale event of the project, which Musk showed interest in, is progressing very quickly and it seems that it has reached a new record according to the project page.
It is stated that the funds collected so far in the WSM token pre-sale, the native token of the Wall Street Memes project, exceeded 14 million dollars.
The Wall Street Memes project, which has the potential to become the next Dogecoin, seems to be attracting residents of the uncertain crypto world.
Is Dogecoin’s Father Elon Musk’s New Favorite Wall Street Memes Coin?
Before moving on to Elon Musk’s relationship with the Wall Street Memes project, it is necessary to remember his influence on Dogecoin.
A meme coin called Dogecoin, which was not very visible in 2021, climbed rapidly after a series of shares made by Musk, and the value of the coin, which was around 5 cents before the events, suddenly increased to 75 cents.
While crypto enthusiasts were experiencing great excitement with the Dogecoin craze, the meme coin increased by 1500 percent in one day with the influence of Elon Musk.
Since then, those interested in crypto coin projects have started to closely monitor Musk’s posts and guess which of the famous billionaire’s new favorite coin will be.
Among the names that have come across the crypto community recently is a project called Wall Street Memes.
Elon Musk is seen interacting with the Wall Street Memes project in two Twitter posts dated March 18 and April 22.
These shares, which did not go unnoticed by the careful crypto enthusiasts, cause the pre-sale activity of the project to accelerate and the number of investors who want to buy Wall Street Memes tokens is increasing day by day.
It’s not only that Musk interacted with this project, but also that his posts were positive. As a matter of fact, it is known that the famous billionaire warned about an altcoin named “ExplainThisBob” in June and did not hesitate to disclose the projects.
Considering all this information, the possibility of Elon Musk’s new favorite coin project being Wall Street Memes is getting stronger.
What are Wall Street Memes?
The Wall Street Memes project takes the historic GameStop event that took place in 2021 as its starting point. As it will be remembered, in the stock frenzy called GameStop, small investors united against large companies and forced the Melvin Capital hedge fund to close.
The Wall Street Memes project, which is positioned as a continuation of this historical victory and wants to tokenize this movement, wants to enable investors to generate income through viral popularity.
Although the WSM token, which is the native token of the Wall Street Memes project, has no practical use, the fact that there are more than 1 million people behind it is enough to explain why there is so much interest in buying Wall Street Memes tokens.
Investors who missed the Dogecoin and Shiba Inu rallies and the meme coin craze led by Pepe coin, are lining up to buy WSM tokens.
The WSM token, which managed to set a new record and raise $ 14 million in funds, is taking firm steps towards the goal by backing the power of Elon Musk and the community.
Wall Street Memes Grab the Attention of the Crypto Community
In the project, which focuses on the community, it is said that half of the WSM token supply will be reserved for pre-sale, while 30 percent will be distributed to the community.
Factors such as such a large amount reserved for the community, planned airdrop events and the expected value of the coins to be distributed are creating excitement among investors.
1 billion tokens, which corresponds to half of the total token supply of WSM token, a coin that complies with the ERC-20 protocol, can be purchased at discounted prices with the pre-sale event.
The price of the WSM token, which found buyers at $ 0.0316 in the ongoing stage of the 30-digit pre-sale, where the price is increased at each stage, is planned to increase to $ 0.0319 in the next tranche.
Wall Street Memes, where it is stated that the team has met with the top 10 crypto currency exchanges and that the CoinMarketCap listing is close, is waiting for early investors.
Investors can purchase WSM tokens via both the Ethereum blockchain and the BNB Smart Chain using ETH, BNB or USDT (ERC-20 or BEP-20).
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