{"id":430008,"date":"2023-08-15T12:36:01","date_gmt":"2023-08-15T12:36:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=430008"},"modified":"2023-08-16T10:00:48","modified_gmt":"2023-08-16T10:00:48","slug":"shiba-inu-surges-14-in-a-week-nears-25m-and-announces-upcoming-staking","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-surges-14-in-a-week-nears-25m-and-announces-upcoming-staking","title":{"rendered":"Shiba Inu Surges 14% in a Week as Wall Street Memes Nears $25M and Announces Upcoming Staking"},"content":{"rendered":"

The Shiba Inu price has gained 14% in seven days, but Wall Street Memes coin has raised nearly $25 million in its presale and today announced that staking will soon be available.<\/span><\/p>\n

Wall Street Memes aims to be the king of meme coins and stonks, but it is about much more than that. <\/span><\/p>\n

There are plans afoot for further product rollouts and staking at an advanced stage, according to sources with knowledge of the matters.<\/span><\/p>\n

The mission of the <\/span>Wall Street Memes coin<\/span><\/a> is to monetize the retail investor movement that saw the little guys taking on Wall Street at its own game in the meme stocks frenzy of 2021.<\/span><\/p>\n

But the team’s plans don’t stop there. The imminent introduction of staking means token holders can earn a yield from the 30% of the total token supply reserved for community rewards.<\/span><\/p>\n

So far, $23,944,489 has been raised from investors eager for a piece of the action. There are likely only days before the current presale stage is sold out when the $25,928,599 goal is reached. <\/span><\/p>\n

After completing the current 29th stage, the token’s price rises from $0.0334 to $0.0337 in the 30th and last stages of the presale. The hard cap final target is $30 million.<\/span><\/p>\n

If $WSM is only fractionally as successful as Shiba Inu, a return on investment of 1,000% or more could be seen.<\/span><\/p>\n

From its all-time low at $0.00000000008165 to today’s price of $0.00001029, the Shiba Inu coin has pumped 12,601,666% or 126,016x.<\/span><\/p>\n

2023’s Biggest, Fairest Presale with Upcoming Staking Rewards for Token Holders<\/h2>\n

Wall Street Memes coin is one of the largest fundraises in the crypto market this year and is the brainchild of the team behind the one million-strong social Wall Street Memes community. It is one of the internet’s most influential retail investing communities. <\/span><\/p>\n

For instance, its <\/span>Wall Street Bets Instagram account<\/span><\/a> alone has 534k followers and another <\/span>260,000 on X (formerly Twitter)<\/span><\/a>. <\/span><\/p>\n

The clout of the Wall Street Memes investing community is such that even the world’s richest man and most-followed person on Twitter, Elon Musk, has interacted with its Twitter account on several occasions.<\/span><\/p>\n

When one of the wealthiest men on the planet comes calling, you know you have arrived – Musk has engaged several times with the Wall Street Memes X account, as shown below:<\/span><\/p>\n

Elon Musk on Twitter: “@wallstmemes @greg16676935420 🤣” \/ X<\/span><\/a><\/p>\n

Notably, <\/span>Musk has also responded<\/span><\/a> to a tweet by the Shiba Inu founder after Wall Street Memes had retweeted it – this suggests that someone among the 410 people Musk follows on Twitter follows Wall Street Memes.<\/span><\/p>\n

In keeping with its focus on empowering the little guy, 100% of the $WSM token supply is earmarked for the Wall Street Memes community – there is no behind-the-scenes private sale.<\/span><\/p>\n

That means Wall Street Memes is not just the biggest presale of the year but also one of the fairest.  <\/span><\/p>\n

Fifty percent of the token supply is available in the presale, 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity.<\/span><\/p>\n

With the news confirmed that staking is coming to $WSM, token holders will be rewarded for their commitment to the project. Wall Street memes will become a magnet for the funds of long-term crypto investors on the hunt for diversified passive income the staking system will offer.<\/span><\/p>\n

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Team @elonmusk<\/a> LFG pic.twitter.com\/OA5kHAxO25<\/a><\/p>\n

— Wall Street Memes (@wallstmemes) August 11, 2023<\/a><\/p><\/blockquote>\n