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Meme coin market falls 2.23% to $96.5 billion, but Wall Street Pepe is defying trends, raising $38 million since its Dec. 3 launch.
The meme coin market is down 2.23% over the past 24 hours, bringing its value to $96.5 billion, a far cry from its ATH of $137 billion earlier this month. Despite bearish market sentiment, Pepe-themed meme coins are seeing gains today, with Pepe (PEPE) and Book of Meme gaining more than 3% each.
Although most established meme coins struggle to make significant gains, Wall Street Pepe (WEPE) is meeting its funding goals at a rapid pace, even as the broader meme coin market faces red trends.
Since its launch on December 3, the project has raised over $38 million as investors add WEPE to their portfolios to secure their place in its next trading channel. Let’s take a look at what WEPE intends to bring to the coin space and if it’s a profitable investment.
WEPE seeks to level the playing field for all traders
Buying WEPE during or after its pre-sale phase will reward its holders with a place in its trading channel, which aims to help small traders navigate the market and spot the right investments to compete with the whales.
According to the project white paperWEPE developers intend to share trading strategies, signals, market information, investment calls and much more, thus giving WEPE utility.
The WEPE team has also allocated 15% of its total supply of 200 billion tokens to Trading Rewards, a special rewards system that will be available to those who follow the trading channel.
To become eligible for WEPE’s trading rewards, investors will need to follow its trading calls and submit proof of their investment on its VIP channel during WEPE’s upcoming weekly trading competitions.
https://twitter.com/WEPEToken/status/1863905080426058015
WEPE’s popularity and early presale success comes as no surprise, as it is featured in Best Wallet’s Upcoming Tokens section, making it visible to over 100,000 of its monthly users.
Previously the best wallet was presented Pepe Unchained (PEPU) and Catslap (SLAP), which exited their pre-sale stages and achieved gains of 600% and 5,500%, respectively, in just 48 hours after launch. Given that WEPE is currently outperforming them, with an average collection of over $1 million per day, it could repeat its success when it launched or generate even greater returns.
Experts highlight WEPE’s strong community and explosive potential
Although Grandpa from Wall Street provides utility by acting as a key to the project’s next channel of crypto signals, it is first and foremost a coin, and as such its success depends largely on the strength of its community.
The project has allocated 38% of its total token supply to marketing, which has already helped it amass an impressive following of over 28,600 on X (Twitter) and 12,000 on Telegram.
In addition to attracting investors, WEPE is receiving significant attention from crypto experts, including 99Bitcoins, a channel run by a team of meme coin analysts with over 720,000 subscribers.
Experts from the 99Bitcoins team see 100x potential in WEPE, highlighting its growing community and unique approach to the meme coin market.
They also highlighted that the project offers a 34% staking APY, allowing investors to passively earn additional WEPE. They view purchasing and staking WEPE as a great alternative to investing in established coins facing high volatility.
Experts encouraged their audience to start accumulating WEPE from the early stages of the presale, as its price increases every 24 hours and it has already increased by 83.05% since December 3.
WEPE price will increase by another 147% before launch – here’s how to participate in the presale
WEPE has allocated 20% of its total token supply to the presale, leaving 40 billion tokens up for grabs before launching on DEXs. The project whitepaper reveals that the presale will end on April 25, 2025, or once the tokens reserved for the presale are exhausted.
Additionally, the whitepaper shows that the final presale phase will see WEPE selling for $0.000249, representing a 147% increase from its current price of $0.0003661.
The price per token of WEPE will increase every time a funding target is reached or enough time passes, which typically happens every day, giving investors limited time to obtain it at lower prices.
Investors can add WEPE to their wallets by purchasing it with ETH, BNB, USDT or a credit or debit card. No minimum investment is required, making pre-selling just as attractive to whales as it is to casual traders.
Besides rapid adoption, WEPE developers also emphasize investor security. The project’s smart contract was audited by Coinsultwhich found no critical threats to investors’ funds. Additionally, 15% of the total token supply is reserved for liquidity, thereby minimizing the risk of coverage breakdown.
While there are no guarantees about the success of meme coins, WEPE has a solid chance of exploding upon launch if it maintains its momentum into 2025.
For more information, visit the Wall Street Pepe pre-sale site.
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