Newest Top Meme Coin Wall Street Memes Set to Be No.1 Revenue and Profit Generator And Could Outshine Rollbit and Pepe
Thursday, October 19th, 2023 – GambleFi is generating revenue at an astounding rate and top meme coin Wall Street Memes has just staked out its ground in the highly profitable casino and sportsbook betting sector.
Wall Street Memes’ announcement yesterday means it is the first major meme coin to actually have a use case that is generating revenue, as can be seen on the Wall Street Memes Casino real-time report of wagers and payouts.
$WSM token holders welcomed the revenue sharing implicit in the buyback program the Wall Street Memes team also announced. The program will see 10% of revenues used to buy the native token on the open market, in a price-supportive move that benefits all coin holders.
The tokens acquired through the buyback will be put into community rewards and the staking pool in a win-win for $WSM.
If you wanted to come up with a way of marrying the virality of meme coins with the rebellious instincts of the meme stocks movement and the business opportunity of crypto gambling, you would end up in the same place as Wall Street Memes.
Exact figures on the size and profitability of the crypto gambling sector (GambleFi) are hard to come by, but the continuing success of Rollbit provides a gauge to measure the potential of Wall Street Memes.
Data shared on X by a co-founder who goes by the handle @Lucky_Rolllbit shows that Rollbit amassed revenue of $38 million in the month of September alone.
The revenue breaks down into $24.9 million in the casino, $7.9 million in crypto futures trading, and $4.8 million in sports betting.
Crypto gambling watchers will know the metric that really counts is net gaming revenue (NGR), and Rollbit hasn’t revealed that.
NGR is the revenue after deductions for the costs of doing business,
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