Meme coins like Shiba Inu and Dogecoin have long captured the attention of the crypto community, but now they're drawing attention from a wider audience--thanks to the help of new projects in the space like Wall Street Memes. Known for their blend of humor, culture, and financial speculation, meme coins have also become social phenomena--with Wall Street Memes, for one, bringing a new crowd to the market with its million-strong social media following.
To get a sense of the current meme coin market and where it might be heading next we'll take a look at Wall Street Memes as a new project gaining steam in the meme coin space, along with Shiba Inu and Dogecoin.
Wall Street Memes, widely recognized for sharing viral memes on social networks like Instagram and Twitter, announced its new venture into meme coins on May 26, 2023.
The initial exchange offering (IEO) for the meme coin is set for September 27, and so far, the presale has attracted more than $25 million in funding.
This isn't the company's first step into the cryptocurrency arena. Before diving into meme coins, Wall Street Memes had already made a name for itself in 2021 with its NFT collection "Wall St Bulls," which sold out in half an hour.
The company continued its NFT endeavors in 2023 by listing its Wall St Bulls Ordinals NFTs on Magic Eden.
The initial price for each $WSM token was $0.025, and the price has since increased to $0.0337. The presale will end in the coming weeks, with the IEO scheduled shortly after.
The platform boasts a large following, as it has gained support from one million social media followers for its meme coin project.
Wall Street Memes has already designed a clear plan for its meme coin. The entire token supply will be distributed to the
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