Analyst Jacob Bury invested $10,000 worth of $WSM tokens, demonstrating his confidence in the future potential of Wall Street Memes, one of the most successful presales of 2023.
After successfully raising more than $25 million in its presale, $WSM has already been listed on several centralized exchanges such as OKX, Gate.io, BitMart, LBank, and BingX, and more exchange listings are on the way.
Analysts Predict $WSM to Outperform Meme Coin Rivals
The performance of $WSM is in clear contrast to the slow price movements of established meme coins Shiba Inu and Pepe. Shiba Inu’s efforts to improve its functionality, mainly with the Shibarium upgrade, have been marred by a problematic rollout, casting doubt on the team’s ability to execute effectively.
On the other hand, Pepe offers no real-world utility. Given $WSM’s strong early momentum, it appears poised to follow a similar impressive path as other top meme coins, but with the added benefit of sustainable growth through product utility.
This is why many crypto analysts and traders are optimistic about Wall Street Memes’ future potential, including Jacob Bury, who invested $10,000, and No Bs Crypto, who invested $1,000. For those in the market searching for opportunities, it’s essential to keep an eye on $WSM because it’s just beginning its journey.
To understand why Jacob Bury has a positive outlook on Wall Street Memes, view his video above and subscribe to his YouTube channel. Jacob Bury also runs a Discord community with 17,000 members, where users can access trading advice and discover information about upcoming cryptocurrency presales.
Wall Street Memes Initiates $1 Million Buyback and Community-Driven ‘Short Squeeze’
Recently, Wall Street Memes completed a $1 million buyback of $WSM tokens. The acquired tokens, valued at $1 million, were transferred to the rewards wallet to support community incentives. These buybacks generated increased short-term buying pressure in the market.
Notably, these buybacks didn’t involve token burning, ensuring that the supply of $WSM remained unaffected. The successful buyback resulted in a 32% price increase and initiated a community-driven ‘short squeeze’ initiative reminiscent of the GameStop meme stocks phenomenon.
In a short squeeze, individuals who had bet on the asset’s price falling found themselves compelled to close their short positions by buying back the asset, significantly amplifying the upward price movement.
Wall Street Memes has grown from a thriving community focused on meme stocks, with a mission to bring the same spirit of excitement and empowerment to the world of crypto. Buy $WSM on OKX here.
Wall Street Memes Overcoming Challenges with Product Launch and Ongoing Airdrop
On October 12, Wall Street Memes faced a coordinated attack that specifically targeted their Discord community. Currently, the safety of their Discord server cannot be guaranteed, but the team is diligently working to restore it to 100% safety for the community.
During this time, they recommend using the official Wall Street Memes Telegram. Despite the setback caused by the attack, the project is determined to move forward.
Gate.io posted an ‘Answer & Earn’ event where participants had the opportunity to take a quiz about Wall Street Memes and earn points for entry into a lucky draw.
💸Don’t Miss Out on Answer&Earn’s Latest Release!
🎁Answer Right, Win Bright: https://t.co/SfBqKco8Rt
— Gate.io (@gate_io) October 16, 2023
Following the successful token launch, the team has been working tirelessly behind the scenes to launch their initial product and secure additional tier 1 exchange listings. They are excited to announce the launch of their flagship product on October 18th at 15:00 UTC, with more details coming soon.
The $50,000 $WSM airdrop is still in progress, and there are only 45 days left to participate, with over 130k total entries. The prize will be distributed among five lucky winners, and participants can increase their chances by following the project’s social media channels.
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