{"id":484560,"date":"2024-02-28T17:58:42","date_gmt":"2024-02-28T17:58:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=484560"},"modified":"2024-02-28T17:58:42","modified_gmt":"2024-02-28T17:58:42","slug":"leading-meme-coin-wsm-price-skyrockets-75-intraday-ahead-of-wall-street-memes-100m-token-burn-event-in-less-than-24-hours-dont-miss-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/leading-meme-coin-wsm-price-skyrockets-75-intraday-ahead-of-wall-street-memes-100m-token-burn-event-in-less-than-24-hours-dont-miss-out","title":{"rendered":"Leading Meme Coin $WSM Price Skyrockets 75% Intraday Ahead Of Wall Street Memes 100m Token Burn Event in Less Than 24 Hours \u2013 Don\u2019t Miss Out!\u00a0"},"content":{"rendered":"<p>Meme coin markets are exploding with excitement ahead of Wall Street Memes&rsquo; inaugural burn event tomorrow, with the $WSM price skyrocketing +75% as traders race to take position.<\/p>\r\n<!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph --><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Meme coin-focused social media interventions from <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1762230897515098442\">Elon Musk<\/a> and bitcoin trading above $61,000 have combined to bring money flooding back into crypto.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">Wall Street Memes<\/a> is triggering major $WSM price action with a huge burn event set to see 5% of the token supply removed from play in less than 24 hours.<\/p>\r\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A HUGE 5% of the total <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a> supply,&nbsp; which equates to around 100 million tokens will be burnt when our first monthly <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a> Net Gaming Revenue burn takes place on the 29th of February &#128293;<br><br>You can view our burn tracker here &#10145;&#65039; <a href=\"https:\/\/t.co\/z4abpsAwWg\">https:\/\/t.co\/z4abpsAwWg<\/a> <a href=\"https:\/\/t.co\/bamjNnyCdF\">pic.twitter.com\/bamjNnyCdF<\/a><\/p>&mdash; Wall Street Memes Casino (@wsmcasino) <a href=\"https:\/\/twitter.com\/wsmcasino\/status\/1759532619996205485?ref_src=twsrc%5Etfw\">February 19, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image -->\r\n<h2>$WSM Price Analysis: Wall Street Memes Explodes 75% Intraday To Local High Ahead Of Burn Event<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Meme coin markets are brimming with optimism ahead of tomorrow&rsquo;s $WSM burn event, and price action has become frenzied over the past 24 hours as traders race to take position.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Reeling from a local high, $WSM is currently trading at a <a href=\"https:\/\/www.coingecko.com\/en\/coins\/wall-street-memes\">market price of $0.01<\/a> (a 24-hour change of +26.4%) at the time of writing &ndash; with dramatic upside price action fueled by a +44% <a href=\"https:\/\/coinmarketcap.com\/currencies\/wall-street-memes\/\">increase in trading volume<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The pre-burn pump comes as $WSM price action bounces off 20 DMA support, which is acting as a launchpad following 3 days of well-defended consolidation by hyped-up $WSM holders.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>With less than 24 hours until the supply reduction, Wall Street Memes&rsquo; <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">new deflationary mechanism<\/a> appears to already be inducing major value accrual for $WSM.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image -->\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/gY7AEPMQbEW95EHw6zGOC-nnO595nHoLT5D-4TfmxoA7SKnkItdqQatr55y0pCHqGKjQhvaXyZb6IkZuhW6DDvZDUbXOHIlGdNT3mlu4xbmlwv8e3sfye-du2uB9Snm1mpOb96mwSNFIgjnuakKyxv4\" alt=\"\"><\/figure>\r\n<!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>(<a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=OKX%3AWSMUSDT\">Source: TradingView WSM \/ USDT<\/a>)<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>A glance at Wall Street Memes&rsquo; key indicators bolsters confidence in the emerging $WSM skyrocket, with the RSI standing at 64.24.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Whilst the RSI is heating up, it has not yet reached fever pitch, suggesting there is still capacity for further price growth without leaving $WSM over-extended on the short time-frame.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Whereas the MACD is reflecting the strength of $WSM&rsquo;s move up, with rally momentum displaying bullish divergence at 0.000411.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>All-in-all, <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">Wall Street Memes<\/a> appears to be in the early stages of a significant move that has been directly catalyzed by the buzz around the $WSM burn event tomorrow &ndash; so don&rsquo;t miss out.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-wsm-burn-event-explained-here-s-everything-you-need-to-know-ahead-of-tomorrow-s-wall-street-memes-5-token-burn\" class=\"wp-block-heading\">$WSM Burn Event: Here&rsquo;s All You Need To Know Before Tomorrow&rsquo;s Wall Street Memes 5% Token Burn<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>With the aim of reigniting price action ahead of the Bitcoin halving event, the <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">Wall Street Memes<\/a> team has introduced a huge burn event &ndash; set for February 29 &ndash; that will see 5% of the $WSM token supply incinerated.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>This comes as a surprise move to the WSM community, with developers doubling-down on an original promise of a 10% buy-back on Net Gaming Revenue (NGR) generated by the <a href=\"https:\/\/insidebitcoins.com\/visit\/wsmcasino\" rel=\"nofollow\">WSM Casino<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Instead, as part of a super-charged deflation plan, 100% of NGR generated through the $WSM token will be heading for the burn mechanism every month.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In the debut burn event, which is scheduled to take place in less than 24 hours, all $WSM NGR generated between October 2023 and January 2024 is heading for the burn, totting up to 5% of the $WSM token supply.<\/p>\r\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">ONE DAY TO GO UNTIL OUR HUGE NET GAMING REVENUE BURN &#128176;<br><br>&#128293; 5% of the <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a> supply will go up in flames &#128293;<br><br>BUY <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a> NOW &#10145;&#65039; <a href=\"https:\/\/t.co\/MzPVAUE4NW\">https:\/\/t.co\/MzPVAUE4NW<\/a><br><br>Live countdown &#10145;&#65039; <a href=\"https:\/\/t.co\/z4abpsAwWg\">https:\/\/t.co\/z4abpsAwWg<\/a> <a href=\"https:\/\/t.co\/zIsvR4MVza\">pic.twitter.com\/zIsvR4MVza<\/a><\/p>&mdash; Wall Street Memes Casino (@wsmcasino) <a href=\"https:\/\/twitter.com\/wsmcasino\/status\/1762837525846962405?ref_src=twsrc%5Etfw\">February 28, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image --><!-- \/wp:embed -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>However, the fire won&rsquo;t be extinguished, with plans afoot for a recurring token burn &ndash; as a permanent deflationary fixture in $WSM&rsquo;s <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">long-term tokenomics<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The action doesn&rsquo;t stop there, with this landmark 5% token burn forming just the start of the developers&rsquo; plans for token deflation, making $WSM an excellent hold for the high-octane year ahead.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Progress on these burn events will be trackable on the <a href=\"http:\/\/web3.wsmcasino.com\">WSM Web3 Dashboard<\/a>, which is set to go live alongside the burn event tomorrow.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2 id=\"h-how-does-wsm-currently-stack-up-against-comparable-meme-coins-on-the-market\" class=\"wp-block-heading\">How Does $WSM Stack Up Against Similar Meme Coins On The Market?<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>To further illustrate the huge potential that will be unlocked tomorrow via the burn event, a comparative analysis reveals $WSM&rsquo;s outstanding performance.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Take for example Pepe 2.0, which similarly to Wall Street Memes, saw brilliant performance on the meme coin market in 2023.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image -->\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/fvbhSoaqfjzfSPmAjDE6lLt_1AIYKYzeyuJV1kh--Z1ZFu3T1oqRp3kxx05mrdH8xKKuNypsdmwfgShHyNvESn6RbLam5QBJFVUMw9SNHFhPo3OlAQDOjzn7X49ITv2W1I5SUTuIo0qKG7iyr6VW9E0\" alt=\"\"><\/figure>\r\n<!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/wall-street-memes\/\">($WSM &ndash; Blue, $PEPE2 &ndash; Orange)<\/a><\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>$WSM has been able to gain an impressive +25.77% over the past week as holders and eagle-eyed traders alike position themselves ahead of the burn event.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Despite its strong market position, <a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe-2-0\/\">PEPE2.0<\/a> has only managed to muster a meager +1.52% gain in the same time period.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>This highlights <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">Wall Street Memes<\/a> as a meme coin to hold in 2024, not least of all due to its deflationary tokenomics, but also because of the growing accumulation by smart money investors.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<h2><strong>Here&rsquo;s How GambleFi Utility Attracts Smart Investors To $WSM<\/strong><\/h2>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Indeed, there are compelling reasons why smart money investors are flocking to the $WSM token due to the <a href=\"https:\/\/insidebitcoins.com\/visit\/wsmcasino\" rel=\"nofollow\">WSM Casino<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The platform boasts a repertoire of over 5,000 high-octane games, and, especially for Wall Street Memes holders, there is a whole suite of new exclusive games at your fingertips.&nbsp;<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>But the thrill doesn&rsquo;t end with the virtual casino table; an avalanche of live sports betting opportunities awaits the sports fanatics &ndash; with more than 1,000 opportunities at launch.<\/p>\r\n<p><\/p><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&#128640; King of Mafia Challenge &ndash; Win $50 in <a href=\"https:\/\/twitter.com\/search?q=%24WSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WSM<\/a>! &#128176;<br><br>Participate for a chance to win! Here's how:<br><br>1&#65039;&#8419; Follow <a href=\"https:\/\/twitter.com\/wsmcasino?ref_src=twsrc%5Etfw\">@wsmcasino<\/a> &#127920; <br>2&#65039;&#8419; Like and RT &#9989;<br>3&#65039;&#8419; Sign up for a Casino Account by using the link below&#128071;<br><br>Join now and aim for victory in King of Mafia!&#11015;&#65039;<a href=\"https:\/\/t.co\/M7yzpXhXuq\">https:\/\/t.co\/M7yzpXhXuq<\/a><br><br>Winner&hellip; <a href=\"https:\/\/t.co\/ciXf7MyX0w\">pic.twitter.com\/ciXf7MyX0w<\/a><\/p>&mdash; Wall Street Memes Casino (@wsmcasino) <a href=\"https:\/\/twitter.com\/wsmcasino\/status\/1762085932713603399?ref_src=twsrc%5Etfw\">February 26, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image --><!-- \/wp:embed -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>However, the real highlight is the integration of the platform&rsquo;s native $WSM token, with players making first-time $WSM deposits receiving 200 free spins on the most popular slot game.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>So don&rsquo;t miss your opportunity to stack $WSM ahead of this major catalyst.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In order to stay up to date on Wall Street Memes project news, be sure to connect on <a href=\"https:\/\/twitter.com\/wallstmemes\">X (Twitter)<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Also, don&rsquo;t forget to participate with the WSM community on <a href=\"https:\/\/discord.com\/invite\/4E538pzeGX\">Discord<\/a> as well as <a href=\"https:\/\/t.me\/wallst_memes\">Telegram<\/a>, and add to the hype on <a href=\"https:\/\/www.instagram.com\/wallstbets\">Instagram<\/a> and <a href=\"https:\/\/www.tiktok.com\/@wallstreetmemesofficial\">TikTok<\/a>.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p><strong><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\/\" rel=\"nofollow\">Buy WSM Here<\/a><\/strong><\/p>\r\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - 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