Thing Token Shoots Up 1,000% and Blockchain Analysts Say This Lesser Known Crypto is Next
As on-chain market activity continues to drive sensational gains in crypto markets, Nothing Token ($THING) has emerged as one of the latest break-out tokens on the market with an impressive +1,000% run poising price structure for a second rally-leg.
This comes amid a wave of activity in DEX trading, empowered by the emergence of Telegram trading bots – which enable even novice retail users to trade on-chain instantly with minimal risk to MEV bots and human error.
As the latest on-chain project to explode, $THING is a legacy coin, first launched in Spring 2023 under nefarious circumstances – from a now suspended Twitter account ‘Nothingsquer‘ – with historic tweets alleging a scam-coin after $THING launched with a 25% sell tax, and a whale-wallet containing 40% of token supply.
$THING Price Analysis: Will Nothing Token See Second Rally Leg After +1,000% Come-Back?
Amid the potential come-back, Nothing token is currently trading at a market price of $0.051165 (representing a 24-hour change of -9.10%).
This comes in the aftermath of an impressive 10-days for $THING token, which saw a bounce from double-bottomed support structure fuel a +100% gain, pushing up from a local low of $0.067100 to current posture.
A minor -14% localised retracement move has been triggered by resistance from a convergence of the $0.051425 upper price level with the descendant lower trendline.
If $THING pushes above this level it will form a complete breakout, which could see price action turn parabolic.
The localised retracement move comes amid a reversal in buy pressure, which has now shifted to just 40% of transactions – as sell-pressure begins to take hold.
This could expose $THING price action to further downside moves, however, with a market cap that has just struck back above $1m and currently ranking as #7 on DEXtools Hot 10, things might not be over just yet.
Testament to this is the army of 1.44k holders that are steadfast in backing the explosive growth of this project.
But while bag-holders await their fate, smart money is shifting to a highly-anticipated major CEX listing set to take place in just one week in what has been dubbed the biggest memecoin launch of H2 2023.
Only 1 Week Left Until +$25M Presale Meme Coin Hits Major CEX Listing
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 7 days – lets deep dive why.
Exploring: Why is Wall Street Memes Expected to Explode on Tier-1 CEX?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Whales Are Backing Wall Street Memes Presale Following Huge $840k Purchase
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme’s Presale Has Seen Monolith 1M+ Community Emerge on CT
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.
And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.
And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
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.