As the media circus surrounding former President Donald Trump’s indictment unfolds, on-chain markets continue to thrive. One of the standout performers in the meme coin market has been TRUMP2024, which has experienced an astounding +1,000% surge. Additionally, other MAGA-themed meme coins, such as $MAGA, have seen even more dramatic growth, with a staggering increase of +20,000%. This surge in popularity is fueled by the emergence of Telegram trading bots, enabling retail investors to trade on-chain with ease and minimizing risks. With the next US Presidential Election looming on the horizon, coins that tap into political fanfare and humor are gaining favor among investors.
TRUMP2024’s market price currently stands at $0.081880, reflecting a remarkable 24-hour change of 571%. Despite experiencing a localized retracement caused by early-backers cashing in their profits from the previous day’s pump, TRUMP2024 has gained significant traction. The token was initially launched on August 27 and saw limited growth in the first three weeks. However, Trump’s recent gagging order generated media attention, igniting interest in the coin. On September 18, a surge in trading volume, totaling over $630k, resulted in TRUMP2024 reaching an all-time high of $0.08335. The sudden price increase propelled the coin’s market cap to an impressive $1.45 million practically overnight. With nearly 1,000 bag-holders and dominant buy pressure accounting for 60% of transactions in the last 24 hours, TRUMP2024 appears to have found solid footing at this high level.
While DEX traders and Telegram bots actively monitor TRUMP2024’s extreme volatility, the upcoming listing on a centralized exchange (CEX) has captured the attention of smart investors. Wall Street Memes (WSM) recently completed a remarkable presale funding round, raising over $25 million. The project has gained substantial support from an enthusiastic community of over 1 million members. With just six days until the CEX launch, Wall Street Memes is primed for phenomenal growth.
The Path to Success for Wall Street Memes
WSM stands as the largest meme coin presale of 2023, an impressive feat considering it has yet to hit the DEX markets. The project aims to transform community sentiment from the Wall Street Bets movement into a tangible digital asset. Priced at just $0.0337, WSM’s affordability has enticed thousands of early backers. Furthermore, presale investors are entitled to a built-in +30% bonus during the initial listing, further amplifying potential gains. The excitement surrounding WSM is exemplified by a crypto whale who invested $1 million in the token’s presale. The mysterious whale’s address executed five transactions, totaling 460 ETH, within six minutes. Along with an additional 93 ETH invested two weeks earlier, the whale’s investments demonstrate a strong belief in WSM’s potential for high returns.
The Democratic Approach of Wall Street Memes
Wall Street Memes sets itself apart by allocating 30% of its token supply to community rewards and 20% to liquidity. The remaining 50% is available through the presale, making it a project built for the masses. This approach has fueled explosive growth on social media, with the community accumulating over 1 million followers. The impressive community growth is likely to drive significant demand during the upcoming CEX launch, potentially propelling the $WSM token to new heights. Furthermore, WSM’s novel staking mechanism, boasting an astounding 282% APY, incentivizes long-term holding and suggests significant growth potential for the token.
With the success of TRUMP2024 and the hype surrounding Wall Street Memes, meme coins are making their mark in the crypto market. TRUMP2024’s impressive growth is driven by political fanfare and the emergence of trading bots, while Wall Street Memes captures the sentiment of the Wall Street Bets movement. Both projects offer unique investment opportunities, but it is essential to remember that investing in cryptocurrencies carries a high degree of risk. While the potential for lucrative gains exists, it is crucial to conduct thorough research and exercise caution when allocating capital to these assets.