Move over $DOGE and $SHIB. There’s a new meme coin in town, and it’s making waves.

Wall Street Pepe ($WEPE) has taken the crypto world by storm, raising an impressive $13M in its presale in just 24 hours.

If you’re wondering whether this could be the next big thing or just another passing fad, let’s break it down together.

The Rise of Wall Street Pepe

$WEPE is riding on two powerful trends: the enduring popularity of meme coins and the nostalgia for Pepe the Frog, a cultural icon in internet lore.

The token was relatively under the radar until its presale went viral, jumping from $4M to $13M seemingly overnight. In fact, $5.5M was raised in just the past 24 hours, further fueling the excitement.

The rapid surge reflects the growing appetite for speculative assets that combine internet meme culture with hype and speculation.

The token’s branding also taps into the ethos of Wall Street and the GameStop saga. This dramatic financial event in early 2021 saw retail investors unite through Reddit’s r/WallStreetBets community to challenge traditional financial players.

They targeted heavily shorted stocks like GameStop ($GME), causing a short squeeze that sent prices soaring and left hedge funds scrambling to cover billions in losses. This marked a rebellion against institutional investors, turning the retail trading movement into a cultural phenomenon.

$WEPE draws parallels to this underdog uprising. It merges meme coin culture with humor, nostalgia, and anti-establishment sentiment to rally its community.

What’s Fueling the Hype?

So, why all the buzz?

The presale’s explosive growth isn’t just about memes – it’s also about timing. Crypto markets have seen renewed enthusiasm for meme coins in recent months, especially as traders lo

Go to Source to See Full Article
Author: Anya Zhukova