USD+ Token Surges 1,000%, Crypto Whales Accumulate Another Token Pre-Listing

USD+ Token Surges 1,000%, Crypto Whales Accumulate Another Token Pre-Listing

The Seismic Shifts in the Blockchain Industry

The blockchain industry has been experiencing major disruptions, with recent events causing seismic price moves in the decentralized exchange (DEX) markets. The leading ZKSYNC DEX stablecoin, USD+, has faced significant instability, resulting in a de-peg and creating shockwaves throughout the industry. This comes at a time when stablecoins are gaining mainstream adoption, fueled by the emergence of government-issued Central Bank Digital Currencies (CBDCs).

USD+ Shoots Up +1,000% Following Major Stablecoin De-Peg

Following a substantial de-peg, USD+ is currently trading below its intended price at $0.9952. The rapid price changes can be attributed to algorithmic battles striving to stabilize over 600,000 transactions. USD+ has experienced multiple instances of de-pegging, with a staggering 35% de-pegging in August alone. In one incident, the project’s developers were able to restore the critical peg after a four-day tumble of -99.61%.

The turbulent algorithmic peg has led to erratic performance, evidenced by USD+ pumping more than +1,270% while developers fought to correct the third de-pegging incident. Despite USD+ dominating movements in the DEX markets, some traders are turning their attention to another token tipped to be the biggest meme coin presale of 2023.

Could Wall Street Memes Be the Biggest Meme Coin of 2023 With $23.7m Raised?

As the meme coin vertical experiences a resurgence, one project is capturing the attention of everyone in the industry – Wall Street Memes ($WSM). In an extraordinary feat, the $WSM token community has already grown to over one million members, raising over $23.7 million in presale funding. This achievement is unprecedented for a new meme coin project that has yet to hit the DEX markets, making it a top choice for the biggest coin launch of Q3 2023.

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$WSM aims to transform the Wall Street Bets community sentiment into a tangible asset, tokenizing the anti-bank movement and redefining our perception of digital value. It stands out due to its democratic price point, with each token priced at just $0.0331 during the presale. The rapid growth of the presale indicates the potential for lucrative gains, especially considering the built-in +30% bonus for presale investors in the initial listing.

Wall Street Memes is Tipped for Major CEX Listing in Upcoming Launch

Maintaining its anti-bank philosophy, the $WSM project plans to allocate 30% of the token supply to community rewards, with an additional 20% going towards liquidity. This inclusive approach has fueled explosive growth on social media, leading the Wall Street Memes community to reach over one million followers. The rapid community growth is likely to incentivize major Centralized Exchange (CEX) listings, potentially propelling the $WSM token to new heights.

Building on the success of the Wall Street Bets NFT collection, Wall Street Memes has gained a proven track record in capturing market attention. Considering the momentum and enthusiasm surrounding $WSM, it presents an opportunity for investors to secure a slice of the next skyrocketing meme token.

Disclaimer: Investing in cryptocurrencies carries a high level of risk. This article is provided for informational purposes only and does not constitute investment advice. Proceed with caution, as you could potentially lose all of your invested capital.

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