USD+ Token Just Shot Up 1,000% But Crypto Whales are Accumulating This Other Token Before it Lists on Exchanges

cryptonews.com:

In a major move sending shockwaves through DEX markets, leading ZKSYNC DEX stablecoin USD+ has destabilized creating seismic price moves.

This comes amid a significant period for stablecoins, which are becoming increasingly mainstreamed by the emergence of government-issued CBDCs.

Following the dramatic instability for USD+, the leading DEX stablecoin is currently trading below-price at $0.9952 as algorithms fight to stabilize against more than 600,000 transactions.

A substantial de-peg last night saw USD+ drop to a shocking $0.8 as the stablecoin's algorithmic peg appears to be under attack from DEX pressures.

This comes amid troubled performance by USD+, which has de-pegged for a shocking 35% of August so far across multiple incident.

Back on August 4, USD+ tumbled -99.61% for a period of four-days before the project's developed were able to restore the critical peg.

And the turbulent algorithmic peg has led to crazed performance - with USD+ pumping more than +1,270% as developers fought to correct the third de-pegging incident yesterday.

But while USD+ continues to make waves in DEX markets, dominating movements in a titanic algorithmic fight, more eagle-eyed traders are busy focusing on a token tipped to emerge as the biggest meme coin presale of 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 +$23.7m in presale funding.

The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX