Crypto is Crashing But Wall Street Memes Coin Raises $25m - Announces Staking and CEX Listings Date

NEW YORK, Aug. 18, 2023 /PRNewswire/ -- Crypto is crashing but the Wall Street Memes coin has raised $25 million in its presale and today officially announces its new staking service and top-tier exchange listings coming on September 27th.

Meme stocks-inspired community-powered coin Wall Street Memes is now only around $900k away from entering the last stage of its 30-stage tiered presale. The token's price rises from $0.033 to $0.0337 in the final 30th stage, as the presale accelerates toward sellout when it reaches its end goal of $30 million.

There really is no time to lose to get in on the ground floor of what is shaping up to be the biggest presale of the year – Wall Street Memes has raised more than $350,000 in the past 12 hours as the raise run rate quickens, with only 40 days to go until CEX listings.

The Wall Street Memes staking service is growing fast. At lightning speed, 7% of the presale allocation of 1,000,000,000 tokens (50% of the total token supply) has been deposited.

Buy $WSM now, and you can start earning up to 283% APY on your staked coins

Stakers can currently earn an annual percentage yield of 283%, according to the staking dashboard.

At the time of writing, the staking pool totals 70,534,061 tokens so far, and that figure could quickly rise to a majority of the presale supply as holders take the opportunity to lock in yield.

Although the APY will drift lower as more tokens are deposited into the smart contract, it will likely still be in triple or high double figures by the time of launch, adding further incentive for prospective buyers of $WSM.

Staking was only launched on Thursday, but eagle-eyed community members had spotted it was available two days earlier as part of a stealth rollout.

The significance of staking cannot be overstated. Because it provides a passive income stream, it will encourage long-term holding of the coin.

Staking will help to make Wall Street Memes crashproof

At the same time, as far as the capital tied up in the coins is concerned, it provides price stability by bearing down on any selling pressure when $WSM launches on major centralized exchanges (CEXs) in September.

This is not based on idle speculation but instead gleaned from the actual market experience of a new type of 'version 2' coin that puts staking front and center in a similar way to $WSM – btc20.com.