There are three days to go before Wall Street Memes, one of 2023’s biggest crypto presales, launches on exchanges, and Binance could be among the tier 1 trading venues being targeted.
$WSM coin is at the center of a plan to monetize the meme stocks movement and bring that energy to crypto.
With a one million-strong social community of financially switched-on individuals behind it, a community that Elon Musk interacts with, the opportunity to turn investments of hundreds of dollars into millions has been too good to pass up for many.
According to the Wall Street Memes website, in three days, the first tier 1 centralized exchange (CEX) listings will take place, and it is thought that at least two of them are ranked in the top 10 globally.
But today an inside source has let it slip that the world’s largest crypto exchange, Binance, might possibly be listing the coin.
As crypto trading volumes touch multi-year lows, centralized exchanges are competing fiercely for market share. Binance, at one stage, looked like it would be one of the winners of the crypto winter when it grabbed a market share of as much as 65% earlier this year.
However, over the past few months, Binance’s regulatory woes have mounted. Trading activity on its Binance.US exchange has been badly hit. Its global business wasn’t helped either when it ended fee-free trading in Bitcoin.
Although Binance is hardly about to collapse, despite what FUDsters might claim, it is nevertheless eager to hoover up trading volume in new upcoming trending coins that can generate substantial trading fee revenues for it. Tokens like $WSM fit the bill.
A lot of action has also been migrating to decentralized exchanges such as Uniswap, as some retail investors steer away from the
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