{"id":444619,"date":"2023-10-02T16:58:22","date_gmt":"2023-10-02T16:58:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=444619"},"modified":"2023-10-02T18:41:13","modified_gmt":"2023-10-02T18:41:13","slug":"wall-street-memes-climbs-45-in-a-week-now-4th-most-popular-meme-coin-after-dogecoin-shiba-inu-and-pepe","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/wall-street-memes-climbs-45-in-a-week-now-4th-most-popular-meme-coin-after-dogecoin-shiba-inu-and-pepe","title":{"rendered":"Wall Street Memes Climbs 45% in a Week, Now 4th Most Popular Meme Coin After Dogecoin, Shiba Inu, and Pepe"},"content":{"rendered":"

Wall Street Memes ($WSM) has come from a standing start to become the 4th-most-traded meme coin in global crypto markets.<\/span><\/p>\n

The astonishing achievement comes just six days after its first centralized exchange listing, with more listings due to be announced on Wednesday.<\/span><\/p>\n

Nearly $60 million $WSM has been traded since the token was listed on OKX on 26 September. That compares with $79 million for Pepe, $103 million for Shiba Inu, and $222 million for Dogecoin – no mean achievement for a six-day-old token.<\/span><\/p>\n

Over the weekend, $WSM beat Pepe and Shiba Inu in 24-hour volume traded. Rumors swirl that the following exchanges to list $WSM could include Binance or Kucoin. <\/span><\/p>\n

As volume piles up for Wall Street Memes, trading interest is exactly the metric that exchanges seeking out new coins to list are most interested in.<\/span><\/p>\n

$WSM Climbs the Ranks: Now the 4th Most Traded Meme Coin in the Last Week<\/h2>\n

Currently, $WSM can be traded on OKX, HTX, MEXC, LBank, CoinEx, BitMart, and BingX centralized exchanges. It took Pepe 17 days from listing on decentralized exchanges to list on Binance, when its price rocketed 2,000%.<\/span><\/p>\n

As ‘Uptober’ and altcoin season kicks off, $WSM has exploded onto the scene at just the right time.<\/span><\/p>\n

Going by past performance, the fourth quarter of the year is usually the best for crypto, and 2023 looks like it will be no different in that respect. <\/span><\/p>\n

What’s good for crypto will be suitable for meme coins in general and $WSM in particular.<\/span><\/p>\n

Wall Street Memes has also been attracting buyers because of its verifiable connection with multi-billionaire Elon Musk, the wealthiest man in the world. Musk has occasionally interacted with the WallStMemes’ X (formerly Twitter) account.<\/span><\/p>\n

MEXC Exchange Rolls Out Futures Trading for $WSM Token<\/h2>\n

Meanwhile, in a significant breakthrough for a meme coin, the MEXC exchange opened the first futures market for the $WSM\/USDT token pair, adding <\/span>positive sentiment for the new meme coin. The crypto futures markets are far bigger than the spot ones. <\/span><\/p>\n

Market participants should expect other trading venues to follow MEXC’s lead as exchanges compete to attract trading volume around popular trending tokens like $WSM.<\/span><\/p>\n

News of $WSM debuting on futures markets comes in the wake of the launch of two new Ether-based futures exchange-traded funds (ETFs): Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight (BTOP).  <\/span><\/p>\n

Also helping to drive price momentum today for crypto – and $WSM – was the news that US exchange Coinbase has just landed a payments license from Singapore’s financial regulator, the Monetary Authority of Singapore. <\/span><\/p>\n

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$WSM<\/a> REVERSAL INCOMING 🔥 pic.twitter.com\/xDhPLvayyl<\/a><\/p>\n

— FABRI CRYPTO (@FabriLemus7) October 1, 2023<\/a><\/p><\/blockquote>\n