Roaring Kitty is back, igniting excitement across the meme coin markets. Wall Street Pepe was leading the pack but in a dramatic collapse, the price has now crashed.
This article will provide an analysis of WSP’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more compelling investment opportunity at this time.
WSB is good and all but what about $WSP
CA: J2YnAysLMtmdvCqFk43MJQoHxnx9XEpXnYow1P5ofsH1 pic.twitter.com/ZaxgMNjTK1
— Monke (@FatherOfApes) May 15, 2024
Wall Street Pepe’s dramatic rise has been fuelled by the spill-over from Roaring Kitty’s return, and has been egged on by a community sharing ‘Wolf of Wall Street’ inspired Pepe memes.
— Roaring Kitty (@TheRoaringKitty) May 16, 2024
WSP Price Analysis: As Wall Street Pepe Falls in Spectacular Rug-Pull – Is This The New Norm for GME Linked Tokens?
As price action slams down into true capitulation, Wall Street Pepe is currently trading at a market price of $0.0001315 (representing a 24-hour change of -98.85%).
This comes after WSP price shocked retail markets Yesterday, mounting an incredible +14,400% rally to hit an all-time high at $0.01875.
However, despite efforts by holders to consolidate these major gains above higher support at $0.01255, all was too good to be true – with a major dump engulfing the chart around 21:45PM UTC.
In classic rug-pull form, as the dust settles, WSP price has been left in the dirt following a -98.5% bleed-out.
Now, with a market cap of just $13,000 – it seems likely that WSP is finished, and set to join the ranks of countless GME-linked meme coins that have pumped and dumped since the return of Roaring Kitty.
But WSP is not a unique instance; traders across the market have suffered the scourge of naughty blockchain developers deploying quickfire scams on DEX markets.
Not everyone made money on $GME.
These 3 guys lost tens of thousands of dollars by buying $GME with #FOMO and panic selling after the price dropped!
Remember, please don’t buy with #FOMO when prices are skyrocketing, and don’t panic sell when prices are falling!… pic.twitter.com/4ZlPEAy1Cc
— Lookonchain (@lookonchain) May 15, 2024
From GME to KITTY to GameStop token; all have rugged – this is normal and to be expected with too good to be true meme coins.
However, it doesn’t have to be that way, some meme coin projects have committed development teams on a mission to create lasting projects with strong staying power (think Dogcoins like DOGE or SHIB).
Discover DOGEVERSE: Could Presales Offer Better Meme Coin Play?
While SOL presents a market-leading opportunity, the most significant gains are often found in presale investments, which allow investors to get in early and potentially secure the majority of a project’s growth.
Just imagine investing in WSP before it hit the market and skyrocketed 14,000%.
One such opportunity in the SOL ecosystem is the DOGEVERSE presale – which has unlocked viral success over the last month to hit $15M raised in the ongoing presale.
Aiming to be the first multi-chain incarnation of DOGE, DOGEVERSE is positioned to grow rapidly as market participants race to grab a piece of the pie.
DOGEVERSE is still raising funds at the presale stage and will start preparing for exchange listings very soon.
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