Crypto Gloom

Price of leading Meme coin $WSM surges 75% intraday above Wall Street Memes. A 100 million token burning event will be held within 24 hours. Don’t miss it!

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By Crypto Gloom

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The Meme coin market is exploding with excitement ahead of Wall Street Memes’ first burn event tomorrow, with the price of $WSM soaring 75% as traders compete for position.

Meme Coin-Driven Social Media Intervention Elon Musk Bitcoin transactions of more than $61,000 were combined, sending funds back into the cryptocurrency.

Wall Street Memes are sparking major $WSM price action with a massive burn event that will see 5% of the token supply removed within 24 hours.

$WSM Price Analysis: Wall Street Memes surges 75% intraday to hit regional high ahead of burn event.

The Meme Coin market is full of optimism ahead of tomorrow’s $WSM burn event, and price action has been frenzied over the past 24 hours as traders compete to secure positions.

$WSM is currently trading at a market price of $0.01 (24-hour change of +26.4%) at the time of writing, with the dramatic price increase driven by a +44% increase in trading volume.

The pre-burn pump occurs as $WSM price action bounces off the 20 DMA support, which serves as a launching pad following a three-day well-protected consolidation by $WSM holders.

With less than 24 hours left until the supply drop, Wall Street Memes’ new deflation mechanism already appears to be driving major value creation in $WSM.

(Source: TradingView WSM / USDT)

Looking at Wall Street Memes’ key indicators, the RSI stands at 64.24, reinforcing confidence in the emerging $WSM surge.

While RSI is heating up, it has not yet reached fever pitch, suggesting that there is still room for further price gains without overextending $WSM in the short term.

MACD reflects an upward trend in $WSM, while rally momentum shows a bullish divergence at 0.000411.

Overall, Wall Street Memes appears to be in the early stages of a significant move triggered directly by the rumors surrounding tomorrow’s $WSM burn event. So don’t miss it.

$WSM Burn Event: Here’s Everything You Need to Know Before Tomorrow’s Wall Street Meme 5% Token Burn.

To restart price action ahead of the Bitcoin halving event, the Wall Street Memes team has introduced a massive burn event scheduled for February 29th. In this event, 5% of the $WSM token supply will be burned.

This is a surprising move for the WSM community, with the developers doubling down on their original promise to buy back 10% of net gaming revenue (NGR) generated by WSM casinos.

Instead, 100% of NGR generated through $WSM tokens will be directed to a monthly burn mechanism as part of a strong deflation plan.

The debut burn event, scheduled to take place within 24 hours, will see all $WSM NGR created between October 2023 and January 2024 headed toward burn, representing up to 5% of the $WSM token supply.

However, the fire will not go out as a recurring token burn plan is underway as a permanent deflationary fixture in $WSM’s long-term tokenomics.

This groundbreaking 5% token burn is just the beginning of the developer’s token deflation plan, and $WSM will be an outstanding holder in the coming years.

The progress of these burning events can be tracked on the WSM Web3 dashboard and will be released live with tomorrow’s burning events.

How does $WSM compare to similar Meme coins on the market?

To further illustrate the enormous potential that will be unlocked through tomorrow’s burn event, we demonstrate the outstanding performance of $WSM through a comparative analysis.

For example, Pepe 2.0, similar to Wall Street Memes, has performed spectacularly in the meme coin market in 2023.

($WSM – blue, $PEPE2 – orange)

$WSM was able to post an impressive +25.77% gain over the past week as holders and eagle-eyed traders alike positioned themselves ahead of the burn event.

Despite its strong market position, PEPE2.0 recorded a meager +1.52% gain over the same period.

This highlights Wall Street Memes as a meme coin to own in 2024, especially due to its deflationary token economics as well as increased accumulation by smart money investors.

Here’s how GambleFi Utility is attracting smart investors to $WSM.

In fact, there are compelling reasons why smart money investors are flocking to the $WSM token due to WSM Casino.

The platform boasts a repertoire of over 5,000 high-octane games, and especially for Wall Street Memes owners, a whole host of new exclusive games are at their fingertips.

But the thrill doesn’t end at the virtual casino tables. Numerous live sports betting opportunities await sports enthusiasts. There will be over 1,000 opportunities available at launch.

But most importantly, it integrates the platform’s native $WSM token, so players who deposit $WSM for the first time will receive 200 free spins on the most popular slot games.

So, don’t miss the opportunity to build $WSM ahead of this major catalyst.

To stay up to date with Wall Street Memes project news, connect at: X (Twitter).

Also, don’t forget to join the WSM community on Discord and Telegram and add the hype on Instagram and TikTok.

Buy WSM here

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