A newly released meme coin called Apple Coin ($APPLE) saw an explosive start to life on Friday.
The new coin, which seems to be based on US tech giant Apple but has no official affiliation with the company, rallied as much as 50,000% in the wake of its launch across decentralized exchanges.
$APPLE opened for trade around $0.0003, but then rallied to as high as $0.15, giving it a market cap of $1.5 million at the time thanks to the token supply of 10 million.
However, with traders unsure as to whether $APPLE has any fundamental value beyond just being another pump and dump, the coin has already fallen back over 97% from its earlier highs to around $0.003.
The project’s website is very light on details, only promising that $APPLE buyers will help shape the project’s future.
Nonetheless, Apple Coin’s trading volumes have still managed to surpass $490,000 since its launch and the crypto token has already managed to amass over 150 holders.
Apple Coin’s liquidity pool, meanwhile, has over $18,000 in locked liquidity.
Crypto Experts are Accumulating Wall Street Memes
Those looking for a meme coin that has a lot more potential than the likely already-dead Apple Coin project should check out Wall Street Memes.
The Wall Street Memes community rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The presale, which has raised close to $8 million in just over two weeks, has already surpassed 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection, which famously made $2.5 million and sold out in 32 minutes.
With crypto experts ranking $WSM as one of 2023’s hottest meme coins and best presales of 2023, crypto whales have been aggressively buying $WSM.
As per Etherscan, a whale bought nearly 30 ETH worth of $WSM tokens three days ago.
Meanwhile, another whale secured 37 ETH worth of $WSM tokens six days ago via two separate transactions.
Whales have executed trades to buy at least 10 ETH worth of $WSM tokens on 14 separate occasions since the presale began just over two weeks ago.
Visit Wall Street Memes Here
Crypto’s Strongest Memecoin Community – 100x Gains Possible?
The success of the $WSM presale is hardly surprising, given the size of the Wall Street Memes community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a one million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
And in keeping with its focus on empowering the little guy, 100% of the token supply is for the Wall Street Memes community. There is no behind-the-scenes private sale and no team allocation largesse.
50% of the token supply is available in the presale, 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.
With 30% of the supply allocated to community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
To buy $WSM tokens, you will need ETH, BNB or USDT (ERC-20 or BEP-20 versions accepted) in your crypto wallet. Simply connect to the website to make your purchase.
Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges.
10x gains from $WSM’s exchange listing price of $0.0337 would see the token reach a fully diluted market cap of $674 million.
But some analysts have said $WSM could even match the size of major established meme coins like Dogecoin and Shiba Inu, which have respective market caps of around $8.5 and $4 billion.
100x gains to a market cap of over $6 billion shouldn’t be ruled out as, in crypto markets, anything is possible, especially when your coin is backed by over a million committed degens.
Visit Wall Street Memes Here
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.
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