Homer Simpson Meme Coin Pumps Up 30,000% But Experts Say it is a Scam While New Meme Coin Wall Street Memes Just Raised $13.9 Million
Up over 30,000% in the past 24 hours, a new $HOMER token is the biggest crypto gainer today - however, according to DEXTools' audit, has a blacklist function.
That means some wallet addresses might not be able to trade normally, DEXTools explains.
As a result, some crypto experts are warning that the token could be a scam.
$HOMER was last trading around $0.000003, up around 3000x versus its levels this time one day ago in the $0.000000001 area.
That gives the token a market cap of around $1.4 million, with around $90,000 in trading volumes over the past 24 hours, and around $140,000 in DEX liquidity, which isn’t locked.
Meme coin degens might be better off looking at a meme coin project with a little more legitimacy around it.
And there is no better option than Wall Street Meme’s $WSM token presale.
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $13.9 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
Given the strength of the Wall Street Memes community, analysts and observers are billing $WSM to be the next viral meme coin,
Read more on cryptonews.com
