POW Coin Shoots Up 3,000% and Viral Meme Coin Wall Street Memes Secures $25 Million in Funding – Next PEPE or Shiba Inu?

In the latest DEX skyrocket, POW token – otherwise known as Pepe of Wall Street – has exploded more than +3,000% in a magnificent pump.

This comes amid a wider resurgence in on-chain trading activity, dubbed the ‘On-Chain Summer’, previous weeks have seen major narratives such as Telegram trading bots and Twitter X-themed post dramatic moon-shots as trading volume on DEX explodes.

The token ticker ‘POW’ is a novel play on the original proof of work consensus technology, that taps into the frenzied trading hype around all things PEPE.

Early-backers have already began to secure profits, although speculation of a further 4-5x to a $5m market cap is rife on Crypto Twitter.

POW Price Analysis: Can Pepe of Wall Street Maintain Moon-Shot Surge to Hit $5m Mcap?

Launched in at 11AM on September 4, POW token magnetised almost instant traction – exploding in a dramatic pump from a lowly $0.0₇4 to smash a zero at $0.0₆77.

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The initial +1,320% pump caught the attention of eagle-eyed DEX traders, and an absolute flood of more than $3.9m in trading volume flooded into the charts.

This sudden influx of trading volume ignited a multi-leg run, which topped out at an all-time high of $0.0₅23 – as POW surged to a $1.3m market cap.

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However, after posting more than +3,000 in just 6 hours, a -60% retracement move was triggered, sending price action tumbling down to $0.0₆9 – as early backers took profit.

This left POW price reeling, in a 12-hour long consolidation zone with well-defended supportive footing above $0.0₅12.

Yet, despite the successful consolidation, upside moves have become limited with a significant resistance zone around $0.0₅16 forming a localised ceiling.

While more than 1.5k bag-holders endure, everything is to play for, but smart capital have already began to rotate profits into a more lucrative play ahead of one of the most anticipated CEX launches of 2023.

Don’t Miss: Wall Street Memes $25m Presale Heads for Major Tier-1 CEX Listing 

Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.

Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 23 days – lets deep dive why.

Deep-Dive: Why is Wall Street Memes Expected to Explode?

In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.

The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.

In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.

But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.

Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.

Whale Wallet Sweeps Wall Street Memes Presale With $840k Purchase

In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?

The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.

A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.

The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential. 

The $WSM crypto whale’s token purchases can be seen on Etherscan. 

The same whale address also bought 93 ETH worth of $WSM in a prior transaction. 

Wall Street Meme’s Million Strong Community and Moon-Shot Tokenomics

In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.

And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.

This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.

And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.

With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.

Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.

Buy $WSM Here

^{Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.}