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Today, the OKX exchange has activated $WSM margin trading and a perpetual swaps market for $WSM/USDT, presaging a possible price explosion for the token.
Settled in USDT, leverage of up to 50x is available. According to CoinMarketCap, OKX is the third-largest derivatives exchange, with more than $10 billion 24-hour trading volume, and open interest of $3 billion.
The news comes as the second big win for the Wall Street Memes token in the derivatives market, a little more than a week after it was listed. MEXC exchange started $WSM futures trading earlier this week.
Elsewhere, this time on the spot market, DigiFinex has become the latest centralized exchange to announce a listing for $WSM (see more on this below).
An influx of Fresh Capital into $WSM Paves the Way for a Potential Price Surge
As Wall Street Memes attracts a rising volume of trading activity, its flush liquidity makes it attractive for professional traders and sophisticated investors.
Furthermore, the increasing market visibility of the Wall Street Memes token will attract not just day traders but also those who have yet to hear about its mission to tokenize the meme stocks movement.
$WSM has launched a broad offensive against Wall Street using crypto – arguably, what crypto was designed for in the first place – as its weapon of choice.
The ‘King of Stonks’ coin is one of the most traded digital assets in the meme coin category, currently in 4th place on a 24-hour trading volume of $60 million.
For full details about margin trading and perpetuals on OKX, visit the announcement page. The WSM/USDT perpetual swaps market is now open.
In addition to margin trading, where traders borrow from the broker to enlarge their deal size and magnify profits (and losses), $WSM is now eligible for the OKX Simple Earn system, which acts as a flexible savings account or staking facility.
$WSM is currently trading in the support range established over the last couple of days, which could indicate a surge going into the weekend.
Wall Street Big Players Drawn to Derivatives; Team Infuses $2m into DEX Liquidity Anticipating a Significant Price Rally
In total $WSM coin is now listed on 10 centralized exchanges. The token also trades on the Uniswap decentralized exchange.
The most recent additions to the lists of trading venues with markets for $WSM are Gate.io, the 9th-ranked spot exchange by CoinMarketCap, and CoinW.
However, you can also buy $WSM directly on the project website with ETH, USDT, or a bank card.
Wall Street Memes aims to revolutionize the financial markets by siding with the small guy against the Wall Street bullies. It is a theme that is increasingly appealing to both sides of the aisle, so to speak.
So retail investors are attracted by the mission and the expectation that the team can do for $WSM what the Wall Street Bets-inspired movement did for the likes of GameStop et al.
On the other side of the aisle – on Wall Street – sophisticated, well-heeled traders and investors may be attracted by the visibility of the meme coin and its avowed utility as the tokenizer of a new meme-stocks-meet-crypto trend.
Now, with two $WSM derivatives products available, the high rollers are being catered for, and that can only be good for liquidity expansion and market depth, attracting bigger trades and driving the price higher.
The team at Wall Street Memes has recently injected up to $2 million in liquidity into the WSM/WETH trading pair on decentralized exchanges (DEX) to facilitate larger order sizes – it is a good sign that the ground is being prepared for an enormous price explosion.
DigiFinex’s New Listing Signals a Potential 281% Price Boost for $WSM, with More Major CEX Listings on the Horizon
As the $WSM coin gathers momentum in the market, more exchanges will continue to list the coin, probably on a near-daily basis.
And on that, the latest exchange to announce a $WSM listing is DigiFinex on October 8th at 10 a.m. UTC.
🔔#NewListing Alert!@DigiFinex will be listing $WSM! 🚀
📅Date: October 8th
⏲️At: 10 am UTC pic.twitter.com/ZVxsHGOv9G— Wall Street Memes (@wallstmemes) October 6, 2023
Exchange listings can be powerful drivers of price action. Pepe was listed on Binance 17 days after its debut decentralized exchange listing – Pepe exploded 281% in the run-up to and after its listing on Binance.
There is no reason why WSM can’t do the same. It could outperform Pepe, Shiba Inu, and canine OG trailblazer Dogecoin for many reasons.
As the likes of Kucoin, ByBit, Kraken, and Binance beckon, it will further fuel FOMO around the project. A price surge can often accompany a top-10 exchange.
One YouTube crypto analyst has put his money where his mouth is and published a video in which he bought $10,000 worth of $WSM – is he expecting a Binance listing soon?
Picking up on the Pepe parabolic price experience, Crypto Zeus compares $WSM favorably. Using the frog meme coin as his point of reference, he thinks 281% gains for $WSM is a strong possibility:
Challenging Wall Street and the Fed: $WSM Stakers Reap Yields Surpassing 10x the US Inflation Rate
The first shot in the product rollouts was the launch of its staking service. Around 453 million tokens are currently staked, suggesting that the overwhelming majority of token stakers remain firmly committed to the project. Stakers have to lock up their funds for at least 7 days but can withdraw at any time thereafter.
Stakers are earning a tasty annual percentage yield of 44%, which is more than 10x the current US CPI inflation rate of 3.67%.
The staking high so far has been 551 million tokens staked.
There are no top meme coins that offer yield-earning potential. It means that not only do $WSM token holders enjoy the benefits of capital growth as the coin’s price doubles from its early presale price, but they also earn passive income.
Elon Musk Engagements, Robust Community, and Significant Product Releases: The Formula for a Price Surge
On X, Clarissa Yorke, with 2.5 million followers,, asks which crypto project has the most vital community. $WSM is placed third on the list in a huge marketing win for the project.
https://twitter.com/ClarissaYorke/status/1709142450739011827
$WSM continues to gain traction as buyers note Elon Musk’s involvement in the Wall Street Memes community.is interactions on Twitter during the height of the meme stocks frenzy have been widely noted.
As far as its community goes, even before the launch of $WSM, there were 1.1 million members across social media. That number keeps growing. For instance, there are now 38,565 members of its Telegram channel, where active group members at any one time are 2,000-plus. There is also a lively Discord server.
Also, in addition to the “major product launch” already trailed by the team, there will be a token burn and buyback starting at some point this month, which will boost the value of tokens.
Meanwhile, why not get involved in the community by completing simple tasks to win a slice of the $50,000 airdrop competition, which can be entered on Gleam.
Wall Street Memes Poised for 1,000x Returns: Anticipate a Weekend Price Surge
With so much going on it is little wonder that $WSM remains a top-traded meme coin, in 4th position according to 24-hour trading volume data provided by CoinMarketCap.
$WSM is trading at $0.048 after reaching an all-time high (ATH) of $0.089. As liquidity pours into the market, there is likely to be more upward pressure on the price.
According to Crypto Gems, with 367,000 followers on X, 1,000x gains could come for $WSM.
Another influencer on X, OG James, with 600,000-plus followers, wants to know what to invest in, and WSM is number two on his watchlist:
https://twitter.com/0xJamess/status/1709180503125844051
The market is in consolidation mode after powering higher at launch last week, but that is likely to be the calm before a bullish storm. As listings continue to roll in and derivatives are activated, the $WSM trading community will grow.
Meme coins with utility are rare beasts, so it makes sense to get in before the major product launches, burn program, and buyback mechanism is announced.
With no utility features, Pepe came within touching distance of a $1 billion market cap valuation at its height. $WSM is aiming much higher, and with the backing of a highly engaged investing community, it has every chance of achieving its goal to tokenize the stonks movement.
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