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Although the market suffers from strong up and down volatility, the INU has fallen 85% in two days. Wall Street Meme, a new token making waves, could soon dismantle all the memecoins on the market.
INU (INU): two rather difficult days for memecoin
As the week draws to a close, the holders of the N.O continue to face a major decline in the price of the token. This “dogecoin killer” sees its blocked price ia go down constant for two days and should end the week in the red.
$INU is hovering around the same value as on start listingwhich means that all the gains made in the previous days have been almost wiped out.
Things don’t seem to be getting any better at the moment, the data from dextools.io revealing that open interest $INU is down. We also note that the number of purchases is decreasing and the price is still in violation downward brackets. These features indicate a lack of enthusiasm on the part of investors and traders towards the token.
The general bearish trend in the cryptocurrency market is also weighing on the crypto-asset. Bitcoin ($BTC) and Ethereum ($ETH) are also undergoing similar price corrections, creating a domino effect on $INU.
Wall Street Memes Raises Over $5 Million: New “Dogecoin Killer”?
Although the INU situation is still a bit bleak, new opportunities arise every week around memecoins. It is one of the projects that has attracted the most interest recently Wall Street Memes ($WSM)a new sign in the crypto meme field.
Recently, Wall Street Memes has been making a lot of noise and for good reason: the project has raised astronomical interest. $5.3 million during pre-sale.
With dominant bearish sentiment on most of the market, the arrival of the WSM it is a breath of fresh air for investors. Currently, the pre-sale of the project istep 6 (30 degrees in length). Buyers can get WSM tokens for $0.028, which is 20% less than the listing price (fixed at $0.0337).
Considering the huge amount of Wall Street Memes, this attractive arrangement generated enormous enthusiasm among investors. The WSM community already counts more than 1.1 million people on social media, including 525,000 on the project’s official Instagram account.
Add to that another audience of 221,000 people on the twitter account of Wall Street Memes. The project was inspired by the Reddit community WallStreetBetsand fight to save society Game Stop in the year 2021.
The team behind Wall Street Memes was already very successful in 2021 with the launch of its NFT collection. Based on Ethereum and called Wall St. Bulls, the entire collection was hardly sold 32 minutes.
Today, the development team turns their attention to the WSM signal and wants to strengthen the loyal and engaged community of Wall Street Memes.
The contrast between INU and Wall Street Memes shows how the memecoin sector can fluctuate very quickly. After Shiba Inu, Dogecoin, Pepe and INU, Wall Street Memes will it be able to keep the flame of its hype alive over time?
Crypto-assets are a risky investment.
This article does not represent investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Investing in cryptocurrency involves risk and can result in significant losses. You should only invest what you can afford to lose and do your own research before making any investment decision.
Source: Dextools.io, Wall Street Twitter Meme
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