Wall Street Memes Announces A $1 Million Buyback

Wall Street Memes Announces A $1 Million Buyback

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Wsm best cryptoSaturday October 7

– The recently launched meme coin Wall Street Memes ($WSM), which achieved a market cap of almost $150 million in one week, recently announced that it will buy back $1 million tokens.

According to a tweet from the official Wall Street Memes team, this buyback has already begun, and a total of $1 million worth of tokens will be sent to the rewards wallet on October 11 to fund community rewards.

This buyback action should lead to increased buying pressure in the market, which could be good for the price prospects of $WSM.

However, in this buyback promotion, the $WSM tokens will not be deleted, meaning they will not affect the total token supply of $WSM.

Instead, they will be used for community rewards that could fuel the long-term growth of the Wall Street Memes community, which should boost the $WSM price.

$WSM last traded at $0.04921, with a market cap of approximately $81 million.

Trading conditions remain healthy within the Wall Street Memes’ V2 and V3 liquidity pools on Uniswap, where the V2 pool had a 24-hour trading volume of $900,000 and the V3 pool had a 24-hour trading volume of $85,000.

Liquidity also remains strong as $1.86 million is committed to the V2 pool and $115,000 to the V3 pool.

Buy WSM on the Wall Street Memes Website

Early Presale Investors Wall Street Memes Realize x2 Profit

Wall Street Memes emerged from the 2021 GameStop stock frenzy as retail investors banded together against Wall Street’s major financial institutions. Wall Street Memes quickly became one of the largest and most influential investment communities.

Wall Street Memes has over 1 million followers across its various social media channels and is constantly going viral with its hilarious memes that have already generated interaction with the biggest names in social media such as Elon Musk on X (formerly Twitter).

It’s no surprise that Wall Street Memes was able to raise more than $25 million in one of this year’s biggest presales, and the $WSM price soared afterward.

Most presale investors purchased $WSM tokens between the price of $0.02 and $0.035, which means that most investors at this point have managed to realize a profit of x2 compared to the current WSM price.

But these gains could be just the beginning for $WSM. Below we look at some reasons why the token could become a top crypto for 2024.

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Why $WSM Could Become a Top Crypto for 2024

Memes play an important role within the Wal Street Memes community, but $WSM is much more than a standard meme coin.

The Wall Street Memes team has worked hard to give the token utility.

First of all, $WSM offers passive income, something that almost no meme coin is capable of.

$WSM investors are able to stake tokens and can expect profits of over 43%, according to the official Wall Street Memes staking dashboard.

That is one of the highest staking yields you can find in the crypto space.

Secondly, there is increasing hype surrounding the upcoming launch of a new Web3 product for which the $WSM token will become the native token.

The team has not yet given any indication as to what this project could be, could it be a blockchain-based game? Or will it be some kind of DeFi trading platform?

Whatever the Wall Street Memes team launches, it will immediately receive a lot of attention and use thanks to the great marketing capabilities of the community, something that can only further increase the demand for the $WSM token.

In addition, Wal Street Memes may announce a token buyback or burn mechanism where profits from future Web3 products will be used to buy back $WSM tokens and remove them from the supply.

$WSM could quickly become a deflationary and profit-making meme coin that also functions as the native token for a popular Web3 protocol.

So there are more than enough reasons why $WSM could become a top crypto for 2024.

It is therefore not surprising that crypto presale analyst Jacob Crypto Burt recently invested $10,000 in the token despite having already invested a significant amount in the token during the presale.

Buy $WSM on the Wall Street Memes Website

Disclaimer: Cryptocurrencies are investments that come with high risks. This article serves as a source of information and does not constitute any form of financial advice. You can lose all your capital.