How to Buy Wall Street Memes – WSM Token Presale

Update – WSM is now listed on OKX.

2021 saw the entire stock ecosystem upended after a bunch of Reddit investors went against “the man” when they realized that hedge fund managers were shorting Gamestop stocks. That’s when investors hailing from the Reddit group – r/WallStreetBets – pooled together and pumped the price of Gamestop’s stock from $4.82 to $134.

Wall Street Memes is a crypto project borne out of the admiration of that scenario, and so far has raised over $20 million in its presale. This guide covers how to buy Wall Street Memes (WSM) token and how it might capitalize on the recent meme coin mania.

What is Wall Street Memes?

Wall Street Memes is a community-centric memecoin designed as a homage to the early 2021 event when a bunch of investors rallied together in response to major hedge fund companies trying to short Gamestop, the gaming merchandising retail company hailing from the US.

The devs define this token as a way to generate wealth “for the little guy” in the same way that Gordon Gekko from the movie “Wall Street” did in 1980. Embracing the motto of “greed is good”, devs are defining Wall Street Memes as a movement to prove that “greed is, indeed, very good.”

But Wall Street Memes (WSM) isn’t simply portraying itself as a memecoin since it also has many merchandise ideas that add social aspects to this crypto asset.  That, and the fact the WSM presale has just started, gives users ample ways to generate gains before even the token is listed on cryptocurrency exchanges. Crypto presales not only offer a cheap entry point, they also often have price rises built into them, as the Wall Street Memes presale does.

GameStop Incident – An Event That Changed the Course of Investment for Many 

There are only a few who don’t remember the battle cry “Hold the line”, which was popularized shortly after it hit news outlets that Gamestop, a fledgling retail company whose struggles aggravated after the events of the 2020 lockdown, got a shot in the arm after investors decided to band together and trigger a short-squeeze to push the value of Gamestop stocks at unprecedented highs.

Many millionaires were made overnight around that time. But why did this happen? It was all in response to a leak.

Reddit group r/wallstreetbets came across information that many billionaire hedge fund corporations had decided to short Gamestop stocks. And Reddit, being a den for many gamers, “took it personally”. Leading members of the r/wallstreetbets started to mobilize. They started a buying frenzy, creating a massive “buying pressure” – a short squeeze, pushing the value of Gamestop up parabolically.

For Reddit users and gamers alike, that was the move to “go against the man”, which led some media outlets to demonize, and others to covet them as heroes. However, the hold-the-line campaign was only able to sustain for three months, after which the price of the stock slowly started to go down. However, that one movement opened many venues for people. Stock buyers formed communities that could now leverage as tools to sustain the price of assets at a relatively stable level.

The factor that surprised many about Gamestop stocks is that the stock itself was deemed worthless. Gamestop’s gross profit went from $2.3 billion in 2019 to $1.9 billion in 2020. And according to Macrotrends’ price chart, the company was only able to make $1.2 billion in gross profits in 2021.

Gamestop Gross Profit Chart – Source – Mactrends

That chart showed that spite and the collective feelings of the community was the only reason Gamestop’s stocks grew. The asset itself was relatively worthless, according to many experts. However, the same sentiment reverberates through even the best memecoin communities now – which has allowed Dogecoin and Shiba Inu, meme tokens with utility during the same year – 2021 – to grow parabolically.

Wall Street Memes follows the same ideology, taking something that’s deemed relatively useless and using it to generate wealth for investors in the cryptocurrency space.

How to Buy Wall Street Memes Token – Step-By-Step Guide

The Wall Street Memes token (WSM) is currently available as a presale. The listing price of this asset has already been set at $0.0337, and the first-stage price is set at $0.025. That means those who invest early gain make gains away from the volatility of the crypto markets. Here is the step-by-step guide to investing in this token.

Step 1 – Visit the official website 

First, go to the official website – wallstreetmemes.com. Make sure that you use the correct link to navigate to the presale platform.

Step 2 – Send ETH or USDT to your Wallet

WSM is an ERC-20 token that you can swap for ETH, USDT, or BNB. So, make sure that your current digital wallet has them. If not, you can visit eToro. It is a reputable cryptocurrency trading platform from which you can buy Ethereum or Binance Coin.

For Tether, we recommend Binance.

Step 3 – Connect your Wallet to the Website 

Once you have ETH, USDT, or BNB in your wallet, click on the “Connect Wallet” button. Pick among the options you see before you. But if you have a custom wallet, click on WalletConnect to choose among the listed Ethereum wallets. According to the website, users can also buy ETH/USDT/BNB directly from the website using their bank cards.

Step 4 – Buy Wall Street Memes Tokens

Enter the number of WSM tokens you want to buy and click on the “swap” button. An equivalent number of WSM tokens will be reserved for your account. And once the presale is over, you can claim these tokens after coming back to the platform.

Buy Wall Street Memes

Wall Street Memes Project Analysis

Wall Street Memes is the tokenization of the movement that gave rise to the GameStop short-squeeze. The token by itself has no utility at press time. Right now, it is banking on the same fundamentals that were able to push tokens like PEPE and SPONGE to a higher plane.

Bitcoin’s bounce in 2023 allowed many tokens to move up. And in the mid of April, the PEPE coin became the first memecoin after two years to become a token giving users parabolic growth. It went up by 83,000%, becoming the first and the fastest token of 2023 to reach a $1 billion market capitalization.

Sponge was another token that saw similar levels of increase. However, the difference between Wall Street Memes and those assets is the presence of presale. Both of these tokens were directly offered as leading crypto IDOs on Uniswap and grew in value as soon as they arrived in the market. There was no early-moving campaign and no presale. The tokens were given on a first-come-first-serve basis, and since they were subject to the current market’s volatility, their rapid rise was followed by a rapid fall.

Such tokens have been corrected by 80 to 90% at press time, which means those who ended up buying on top didn’t come out as winners on the other end.

However, Wall Street Memes aims to be different. Yes, it has the same virality factor as other memecoins – even the official presale page isn’t hiding that fact – considering the imagery they are using. But the project has also organized a presale as a way to “control the chaos” of the volatile market to bring guaranteed gains to those who choose to invest in this project at an early stage.

Another reason to be bullish about Wall Street Memes is that it is playing on the whole meme niche. As you can see from the collage in the images, the idea behind Wall Street Memes is not to focus on one type of meme but the common impact towards fun.

Dogecoin was focusing on the DOGE meme alone, and so was Shiba Inu. Pepe and SpongeBob also took the singular meme route to gain success. But with Wall Street Memes, everything, from “Nope to “This is Fine” to “Thug Life”, is used to fuel the meme mania.

That can allow it to funnel all the traction that memes get towards itself. So, if we single out the meme factor alone, WSM has the potential to take a slice of Dogecoin’s market cap in the future.

Also see our Wall Street Memes price prediction article.

Wall Street Memes Tokenomics

WSM has taken a simplistic route toward its tokenomics. There are two billion tokens in total, out of which Wall Street Memes has dedicated 50% – 1 billion – to the presale. The hard cap for this token has been set at $30,577,000.

Following is the breakdown of the remaining portion of the total supply.

1. 30% to community rewards – WSM has dedicated 30% of the total supply towards rewarding its community.
2. 10% CEX Liquidity – WSM is eyeing to go live on tier-1 exchanges. And for that, it is reserving 10% of the total liquidity.
3. 10% DEX liquidity – Uniswap will likely be the first decentralized exchange from which investors will be able to buy WSM tokens.

It can be seen from the token’s tokenomics that none of the tokens have been reserved for the team. That level of transparency makes Wall Street Memes more community-centric than the projects that are merely claiming to be so.

Is Wall Street Memes a Good Investment?

A memecoin’s worth is weighed based on its notoriety. How many people have been able to induct into its community? And how much leverage does it have in the market itself? Another major factor is the social media presence. When we consider these factors exclusively, Wall Street Memes already has an advantage over other meme tokens.

Massive Social Media Presence

Wall Street Memes have come out with its native token only now openly after establishing a massive community on social media networks. The project has more than 200k followers on Twitter alone. The channel has only recently opened its account on Telegram and Instagram. And its Discord follower count is already improving.

It hints that we are dealing with a project that had already amassed a dedicated following on the internet long before this presale arrived. That has the potential to fuel the value of WSM tokens. Another major reason this community factor can push the value of WSM is that Elon Musk has interacted with this page several times.

That interaction may be just a smiley-faced emoji, but in the grand scheme of things, it still holds value inside the crypto community.

Potential to Get Listed on Binance

While many emerging memecoins developers yearn for Elon Musk to say something about it, even begging him to utter a few words that could pump the token’s value, Wall Street Memes has already had Elon interacting with the page.  This massive backing will likely fuel the WSM price to go past the $1 billion market capitalization once it arrives on the listing charts – which may lead to Binance listing this token.

And we can turn this “may” into a definite possibility since Binance was quick to list PEPE, a relatively unknown memecoin, as soon as it hit the $1 billion market capitalization. So, if a token with massive community backing goes up in value, the world’s leading cryptocurrency exchange will surely notice. Binance listing can then trigger a listing pump for WSM.

An Already Successful NFT Project

WSM is not Wall Street Meme’s first visit to the cryptocurrency space. The team has already gained a lot of traction in the NFT space as well. Wall Street Bulls is an NFT project. It is a collection of 10,000 uniquely designed NFTs with varying attributes on the Ethereum blockchain.

Inspired by the Wall Street Degen culture, this NFT offers users a unique utility – a membership into an Options market. The first collection of this NFT project was sold out in 2021 within 32 minutes of launch.

While the current year doesn’t show the same level of bullishness toward NFT assets, the recent memecoin trends show that people are still amped about investing in memecoins. If Wall Street Memes continues to maintain a high level of engagement with its community over the course of the presale, then the token’s value can potentially skyrocket once it hits the exchanges.

Potential To Be the King of Memes this Season

We already mentioned that Wall Street Memes isn’t pigeonholing its identity into a single type of meme. It encompasses all the memes and brings together all the quirkiness on one single platform. That gives it the potential to become the King of Memes.

These words aren’t hyperbole, as memes aren’t exclusive to the crypto space. When the GameStop short-squeeze came, most in the non-crypto space were more excited. With the arrival of this project, there is a possibility that many of those traditional investors will adopt crypto assets, making WSM their first cryptocurrency investment.

A Deadpan Sense of Humor for Maximum Engagement

Wall Street Memes don’t miss with relatable memes. Most of its Twitter content focuses on the regulatory mishaps that are shaping the current traditional economy. The memes also touch upon stocks focusing on the latest technologies, like AI outperforming the rest of the economy.

These tweets are getting a lot of traction, and the community is constantly engaging with each other. It is likely that when the token finally launches, more memes will keep it relevant, which can potentially push its value up.

Wall Street Bulls NFT Launch

Wall Street Bull has launched another mint recently of its Ordinals NFT. That showcases that the community is active in following the latest trends. These trends can have a positive impact on the direction of the WSM presale.

WSB ORDINALS
AVAILABLE NOW ON MAGIC EDEN
420 COLLECTION
ON THE 690,xxx BLOCK
GET YOURS NOW, WHISLT YOU CAN:https://t.co/7hSxd2YJy4 pic.twitter.com/Ge85Si5qKl

— Wall St Bulls (@wallstbullsNFT) May 29, 2023

Current Sentiment Around Memecoins 

The current sentiment around memecoins is positive. PEPEs, Turbo’s, WOJAK’s, and SPONGE’s performance has shown that people are more likely to give a chance to low-cap, cheap cryptocurrencies in the current volatile market.

Major crypto influencers across Twitter have reflected the same sentiment. And with Wall Street Memes, potential investors have a chance to invest in a token that has similar, if not more, value.

WSM Airdrop

And finally, we have the WSM Airdrop. Those who join the WSM will have a chance to get participate in the upcoming $WSM airdrop. Those interested can join Wall Street Memes’ official Discord to read the platform’s rules to get started.

Conclusion

The meme coin mania is driving people to invest people towards cheap crypto assets that are more or less in tune with the current market’s volatility. Wall Street Memes is a project that is partly trying to capitalize on that aspect.

In this guide, we covered how to buy Wall Street Memes token via the presale, which will help users on two fronts. One, it will allow users to make gains before the token hits the exchanges. And secondly, it may be able to leverage the power of memes to grow parabolically by capitalizing on the market’s volatility.

Other factors, like an already-established community and that community is attuned to the latest tech and financial trends are other reasons that many experts are bullish on Wall Street Memes.

Update – WSM is now listed on OKX.

New OKX Listing - Wall Street Memes

Rating

• Established Community of Stocks & Crypto Traders
• Featured on Cointelegraph, CoinMarketCap, Yahoo Finance
• Rated Best Crypto to Buy Now In Meme Coin Sector
• Team Behind OpenSea NFT Collection - Wall St Bulls
• Tweets Replied to by Elon Musk

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