DEX tokens built on Coinbase’s new layer-2 blockchain have been witnessing intense price action since BASE launched on August 9, and Cookie Coin (COOKIE) is the latest entrant to undertake a sensational move this on-chain summer.
With market attention gripped to the BASE launch, recent weeks have seen massive traction for meme coins built using the new blockchain – with coins such as Wall Street Base exploding +1,000%.
This comes amid a so-called ‘On-chain Summer’ which is a multi-week celebration of onchain art, gaming, music, and most importantly its all taking place on BASE.
Cookie Coin – a novel light-hearted project – is the latest such skyrocket, with the token undertaking an eye-watering +5,000% move from launch.
Cookie Coin Price Analysis: Will BASE Trend Fire-Up Cookie Coin to New Heights?
Following a sensational price move in its opening 24-hours, COOKIE is currently trading at a price of $3.53 (representing a 24-hour change of +2,338%).
Launched at just 15:00 on August 15, the exciting on-chain summer mint caught immediate traction, exploding +612% in the first hour.
This huge opening candle hooked the interest of DEX markets, and a whopping surge of $867.85k in trading volume began flooding into the fresh-eyed project.
In a stunning display during COOKIE’s second hour, the BASE-built meme coin surged an additional +1,000% – however, price action met a stiff resistance level at $7.80.
Two-hours of hard-fought resistance triggered a -60% retracement, as early backers took profit on what appeared to be a fleeting moon-shot.
Yet, despite increased market anxiety, the following 8-hours would see a reversal catalyze a second impressive +215% rally, driving price up to hit a new all-time high at $10.08.
While the second rally proved a strong display, since the ATH at 03:00 price action has once again sunk into retracement, with the numbers of sells at 1795 now outpacing the number of buys at 1737.
Now in a critical local support zone, consolidation here will be key for 250 remaining bag holders, if price action sinks below this level then the best of this rally is over.
But while COOKIE is facing serious retracement in typical DEX fashion, anohter project garnerning significant attention from the crypto community is a meme coin presale surging towards $25m raised.
Wall Street Memes Presale Smashes $24M Raised in Biggest Meme Coin Presale 2023
As the meme coin vertical makes a resurgence, there is one project on everyone’s watchlists and it’s not Dogecoin or JIM, the latest market entrant making waves on Crypto Twitter is Wall Street Memes.
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass +$24.1m in presale funding (surging towards its $25m target).
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 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 $0.0334, the WSM presale has surged with $24.1m raised. and with the speed of the presale growing faster by the day, 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.
Mysterious Crypto Whale Buys $1M Amid Wall Street Memes Presale Hype
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 Community Allocations Could Meet Major CEX Compliance
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 major CEX listings such as Gate.Io, which could propel the $WSM token on an incredible moon-shot.
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.
Don’t miss your chance to secure a slice of the next skyrocketing meme token.
Buy $WSM Here
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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