Leading Meme Coin $WSM Price Skyrockets 75% Intraday Ahead of Wall Street Memes 100 Million Token Burn Event in Less than 24 Hours – Don’t Miss It!

The Meme Coin markets are exploding with excitement ahead of tomorrow’s inaugural Wall Street Memes burn event, with the $WSM price skyrocketing +75% as traders rush to take position.

Meme coin-oriented interventions on social media from Elon Musk and bitcoin trading above $61,000 have combined to bring money back into crypto.

Wall Street Memes triggers major $WSM price action with a massive burn event removing 5% of the token supply from play in less than 24 hours.

A HUGE 5% of the total $WSM supply, which amounts to approximately 100 million tokens, will be burned during our first monthly $WSM Net gaming revenue will be burned on February 29th ????

You can view our burn tracker here ➡️ https://t.co/z4abpsAwWg pic.twitter.com/bamjNnyCdF

— Wall Street Memes Casino (@wsmcasino) February 19, 2024

$WSM Price Analysis: Wall Street Memes Explode 75% Intraday to Local High Ahead of Burn Event

Meme coin markets are buzzing with optimism ahead of tomorrow’s $WSM burn event, and price action has gone crazy over the past 24 hours as traders rush to take position.

$WSM is recovering from a local high and is currently trading at a market price of $0.01 (a 24-hour change of +26.4%) at the time of writing – with dramatic upside price action fueled by a +44% increase in trading volume.

The pre-burn pump comes as $WSM price action rebounds off 20 DMA support, which acts as a launch pad after three days of well-defended consolidation by hyped $WSM holders.

With less than 24 hours until the supply reduction, Wall Street Memes’ new deflationary mechanism already appears to be driving major value growth for $WSM.

(Source: TradingView WSM/USDT)

A look at the key indicators from Wall Street Memes reinforces confidence in the emerging $WSM soaring, with the RSI standing at 64.24.

While the RSI is heating up, it has not yet reached fever levels, indicating that there is still room for further price growth without leaving the $WSM overextended in the near term.

While the MACD reflects the strength of the $WSM’s rise, with rally momentum showing bullish divergence at 0.000411.

All in all, Wall Street Memes appears to be in the early stages of a major move catalyzed directly by the buzz surrounding tomorrow’s $WSM burn event – ​​so don’t miss this.

$WSM Burn Event: Here’s Everything You Need to Know Before Tomorrow’s Wall Street Memes 5% Token Burn

Aiming to reignite price action ahead of Bitcoin’s halving, the team at Wall Street Memes has introduced a massive burn event – ​​scheduled for February 29 – that will burn 5% of the $WSM token supply.

This comes as a surprise move for the WSM community, with developers doubling down on the original promise of a 10% buyback on the Net Gaming Revenue (NGR) generated by the WSM Casino.

Instead, as part of a super-charged deflation plan, 100% of the NGR generated via the $WSM token will be heading towards the burn mechanism every month.

During the debut burn event, which will take place in less than 24 hours, all $WSM NGR generated between October 2023 and January 2024 will be headed for the burn, representing up to 5% of the $WSM token supply.

JUST ONE MORE DAY UNTIL OUR HUGE NET GAMING REVENUES BURN ????

???? 5% of the $WSM offer goes up in flames ????

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Live countdown ➡️ https://t.co/z4abpsAwWg pic.twitter.com/zIsvR4MVza

— Wall Street Memes Casino (@wsmcasino) February 28, 2024

However, the fire will not be extinguished as there are plans for a recurring token burn – as a permanent deflationary factor in $WSM’s long-term tokenomics.

The action doesn’t stop there, as this historic 5% token burn is just the beginning of the developers’ plans for token inflation, making $WSM an excellent foothold for the high-octane year ahead.

The progress of these fire events can be followed on the WSM Web3 dashboardwhich will go live tomorrow alongside the burn event.

How does $WSM compare to similar meme coins on the market?

To further illustrate the enormous potential that will be unlocked via tomorrow’s burn event, a comparative analysis reveals $WSM’s stellar performance.

Take Pepe 2.0 for example, which, like Wall Street Memes, performed brilliantly in the meme coin market in 2023.

($WSM – Blue, $PEPE2 – Orange)

$WSM has managed an impressive +25.77% gain over the past week as both holders and sharp-eyed traders positioned themselves for the burn event.

Despite its strong market position, PEPE2.0 has only managed a meager gain of +1.52% over the same period.

This highlights that Wall Street Memes is a meme coin we can hold in 2024, not least because of deflationary tokenomics, but also because of growing accumulation by smart money investors.

Here’s how GambleFi Utility attracts smart investors to $WSM

There are indeed compelling reasons why smart money investors are flocking to the $WSM token thanks to the WSM Casino.

The platform has a repertoire of more than 5,000 high-octane games, and especially for Wall Street Memes holders, a whole host of new exclusive games are at your fingertips.

But the excitement doesn’t end at the virtual casino table; An avalanche of live sports betting options awaits sports fanatics – with over 1,000 available at launch.

???? King of Mafia Challenge – Win $50 $WSM! ????

Enter for a chance to win! Here’s how:

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Winner… pic.twitter.com/ciXf7MyX0w

— Wall Street Memes Casino (@wsmcasino) February 26, 2024

The real highlight, however, is the integration of the platform’s native $WSM token, where players who deposit $WSM for the first time will receive 200 free spins on the most popular slot game.

So don’t miss your chance to give $WSM an edge on this important catalyst.

Be sure to connect to to stay up to date with news about the Wall Street Memes Project X (Twitter).

Also don’t forget to participate with the WSM community at Disagreement like Telegramand add to the hype Instagram And TikTok.

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