As on-chain market activity continues to drive sensational gains across the crypto markets, Nothing Token ($THING) has become one of the latest breakout tokens in the market with an impressive +1 price structure 000%, preparing a price structure for a second rally. leg.
This comes amid a flurry of activity in DEX trading, bolstered by the emergence of Telegram trading bots – which allow even novice retail users to trade instantly on-chain with minimal risk to MEV bots and human errors.
The impact has been staggering, with tokens such as Jinbe, шайлушай (Real Cat Smurf), and Emoticon all unlocking eye-popping returns in recent weeks.
As the latest on-chain project to explode, $THING is a legacy coin, first launched in spring 2023 under nefarious circumstances – from a now-suspended Twitter account.Nothing more” – with historic tweets alleging a scam after $THING launched with a 25% sales tax and a whale wallet containing 40% of the token supply.
$THING Price Analysis: Will Nothing Token See Second Leg of Rally After +1000% Return?
Amid a potential comeback, the Nothing token is currently trading at a market price of $0.0.51165 (representing a 24-hour change of -9.10%).
This follows an impressive 10-day token run for $THING, which saw a rebound from the double-bottom support structure fuel a +100% gain from a local low of $0.0.67100 to the current posture.
A minor localized -14% retracement move was triggered by resistance from a convergence of the $0.0 level.5Upper price level of 1425 with the lower trendline descending.
If $THING rises above this level, it will form a full breakout, which could see price action go parabolic.
The localized retracement movement comes amid a reversal in buying pressure, which now only affects 40% of trades – as selling pressure begins to take hold.
This could expose $THING’s price action to further declines. However, with the market cap just getting back above $1 million and currently ranking #7 on DEXtools Hot 10, things may not be over yet.
This is evidenced by the army of 1,44,000 holders who strongly support the explosive growth of this project.
But while bagholders await their fate, the smart money is moving towards a highly anticipated major CEX listing set to take place in just a week in what has been dubbed the biggest memecoin launch of the second half of 2023.
Only 1 Week Left Until +$25M Presale Meme Coin Hits Major CEX Listing
Wall Street Memes has become one of the biggest 2023 coin presales in recent months, with seed funding rounds raising over $25 million from early backers.
Backed by the support of this million-strong community, this rockstar project is expected to achieve substantial gains over a next CEX launch in just 7 days – Let’s take a deeper look at why.
Exploration: Why should Wall Street memes explode on Tier 1 CEX?
Testifying to the meteoric growth, the $WSM token community is now one million strong, with a presale exceeding all expectations to raise over $25 million in presale funding – now constituting the largest meme coin presale of 2023 .
This huge feat is almost unprecedented for new coin projects that haven’t even hit the DEX markets yet, and investors are taking notice as the project emerges as a top pick for the biggest coin launch CEX of the third quarter of 2023.
In a tribute to the anti-bank investors who took on Wall Street, $WSM aims to turn the powerful sentiment of the Wall Street Bets community into a tangible asset – seeking not only to symbolize the anti-bank movement, but also to redefine our perception. of numerical value.
But what really attracts investors is its democratic price of just $0.0337, which has attracted thousands of early backers as WSM’s presale surged with $25 million raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, especially due to the +30% built-in for pre-sale investors in the initial listing.
Whales Support Wall Street Meme Presale After Huge $840,000 Purchase
In a case that illustrates the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mysterious whale address purchased $WSM in five transactions totaling 460 ETH worth $840,000, executed in six minutes.
Two weeks earlier, an additional 93 ETH was created from the same wallet. In total, $1 million was invested in $WSM by the mysterious crypto whale.
Crypto whale purchases are an important vote of confidence in Wall Street Memes and its potential return on investment.
Purchases of tokens from the crypto whale $WSM can be seen on Etherscan.
The same whale address also bought 93 ETH of $WSM in a previous transaction.
The Wall Street Meme presale saw the emergence of the Monolith 1M+ community on CT
In keeping with the original anti-banking philosophy, $WSM will allocate 30% of the token supply to community rewards, with an additional 20% earmarked for liquidity and 50% up for grabs during the presale – this is a democratic project for the masses.
And this teamless split has fueled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1 million community followers.
This explosive community growth is likely to spur significant growth when CEX next launches in 23 days, which could propel the $WSM token on an incredible moonshot.
And with long-term holding encouraged by Wall Street Meme’s new staking mechanism – which boasts a staggering 282% APY – this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive from the original moment in history when $WSM exploded onto the scene.
Don’t miss your chance to get a piece of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and telegram.
Buy $WSM here
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.