WSB Coin (WSB) Price Has Surged Over 6,000% Since Yesterday A tweet from the founder of WallStreetBets Which helped attract the attention of investors towards a new wave of WallStreetBate-themed meme tokens.
Since this tweet was posted on Monday, WSB now stands at 6,400% gains since May 2, when it only cost $0.0000007752,
and in a week Pepe Coin (PEPE) has also set the market on fire With its market-beating advantage, the emergence of WSB confirms a trend for meme tokens at a time of relative market stagnation.
WSB Coin Price Prediction As WSB Explodes Up 6000% In 24 Hours – What’s Going On?
Billing themselves as “Official, Unofficial MemecoinIn r/wallstreetbets, it is not entirely clear what relation WSB Coin has to the famous subreddit.
Yes, it is allocating 10% of its 69.42 billion supply to the WallStreetBets treasury and 5% to the moderators of the subreddit, and it also appears to be a collaboration with the blue-ticked WSBMod Twitter account (belonging to a former moderator of the subreddit). , which tweeted details of its airdrop on April 29.
Furthermore, the coin’s founders are unknown, although its whitepaper states that ownership of its smart contract has been ceded, meaning its code cannot be changed or tampered with.
More sharply, WBS appeared to have the blessing of WallStreetBets founder Jaime Rogozinski on May 1, when he tweeted that “WallStreetBets now has #memecoin targeting the WSB Reddit community.”
But in fact, Rogozinski mentioned Wall Street Baby (also WSB) in this tweet, another meme token that WSB Coin Team Claims Not affiliated with the r/wallstreetbets subreddit in any way.
Despite the focus being on a separate WallStreetBets token, Rogozinski’s tweet inadvertently helped draw attention to WSB Coin, with the coin reaching an all-time high of $0.0006569 late last night.
Meanwhile, the Wall Street baby — named by Token Rogozinski — is 70% drop in last 24 hoursAs traders are starting to realize this has nothing to do with WallStreetBets.
As is the case with any other meme token, it is almost impossible to say whether WSB Coin can maintain its momentum, given that even its whitepaper admits that it is a “shitcoin”.
That said, with 20% going to airdrops and 15% going to r/wallstreetbets, it has potentially a huge community behind it.
This community could be enough to sustain its price in the long term, and help it enjoy a few more rallies besides the ones it is currently seeing.
meme token with utility
Because WSB Coin does not offer any real utility, some traders may prefer to look at other tokens that combine meme-value with true fundamental value.
The most interesting example of such a coin right now is adogThe AI-powered meme-generating platform that has already raised over $1 million has sold out in the first phase of its pre-sale in just a week.
Running on Ethereum, Addog employs artificial intelligence so that its users can create funny and relevant memes to share with their community.
Using advanced algorithms in conjunction with a large dataset, Addog enables users to create memes by entering text-based details without the need for any technical skills or knowledge.
This low barrier to entry should help its community grow substantially in size, plus users will also be able to upvote and downvote memes once they’ve been generated.
Even better, the highest rated memes will earn their creators rewards in $AI, the platform’s native token.
This basic concept has been more than enough to attract a strong influx of early investors, with new investors able to join the pre-sale by visiting its official website And adding their wallet.
The price for 1 AI token is now $0.0000264, a price that will rise to $0.0000336 by the time the presale ends and is listed on coin exchanges.