Luck Token has surged 1,000% in just 24 hours, with whales actively accumulating this lesser-known cryptocurrency. Find out the reasons behind this sudden rise.

Luck Token (LUCK) has experienced a significant drop in value this morning after a sudden increase caused it to rise by as much as 1,000% in just 24 hours. Its current price is $0.0004712.

LUCK is the latest addition to the growing list of meme tokens that have emerged this year. It is listed on Uniswap and can be traded against Wrapped Ethereum (WETH).

Although it initially saw a strong increase in value, reaching around $0.0830 shortly after being listed, it has since experienced a 99% decline. This suggests that the token may have been manipulated and is now essentially worthless.

However, there is another meme token that has the potential for long-term success. Wall Street Meme’s (WSM) ability to raise $12 million in its presale indicates a significant level of interest from the community.

Luck Token Rises 1,000% in 24 Hours but Whales are Accumulating This Lesser-Known Crypto Coin – Here’s Why

Looking at Luck Token’s chart, it becomes clear that the meme coin has already had its moment, displaying the classic ‘Bart Simpson’ pattern that is often associated with boom and bust.

After experiencing a gain of over 2,000% as it rose from around $0.0035 to $0.083 yesterday, LUCK has now fallen below its original listing price.

This is not a positive sign, and with little evidence of a significant LUCK community on Twitter and social media, it is unlikely that the token will recover anytime soon.

LUCK’s brief story emphasizes the importance of meme tokens having a strong community support if they lack solid fundamentals, as this is essential for their longevity.

Wall Street Memes (WSM) is one such token with a dedicated community. It is a new meme coin that has raised over $12 million in a highly successful presale.

WSM is rooted in the meme stocks movement that sparked the famous GameStop and AMC rallies in 2021. Its active community is a major factor in its ability to quickly raise such a large sum.

While WSM’s official Twitter account has over 256,000 followers, there doesn’t appear to be any official social media presence for Luck Token.

This is why WSM is likely to outperform the majority of other new meme tokens, as their success is largely dependent on the number of people who can promote them and encourage others to invest.

Due to its significant following, WSM is expected to experience a substantial rally when it is listed on exchanges in the coming weeks.

During its presale, WSM is currently available for purchase at a price of $0.0307, which will increase to $0.0337 by the 30th and final stage. However, WSM has the potential to rise even higher over time.

Investors can participate in the sale by visiting the official Wall Street Memes website and connecting their crypto wallets. WSM can be purchased using ETH, USDT, and fiat currency.

Visit Wall Street Memes Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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