Roaring Kitty is back, igniting excitement across the meme coin markets. Wall Street Pepe was leading the pack but in a dramatic collapse, the price has now crashed.
This article will provide an analysis of WSP’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more compelling investment opportunity at this time.
WSB is good and all but what about $WSP
CA: J2YnAysLMtmdvCqFk43MJQoHxnx9XEpXnYow1P5ofsH1 pic.twitter.com/ZaxgMNjTK1
— Monke (@FatherOfApes) May 15, 2024
Wall Street Pepe’s dramatic rise has been fuelled by the spill-over from Roaring Kitty’s return, and has been egged on by a community sharing ‘Wolf of Wall Street’ inspired Pepe memes.
pic.twitter.com/y4Cbh1Nbpc
— Roaring Kitty (@TheRoaringKitty) May 16, 2024
As price action slams down into true capitulation, Wall Street Pepe is currently trading at a market price of $0.0001315 (representing a 24-hour change of -98.85%).
This comes after WSP price shocked retail markets Yesterday, mounting an incredible +14,400% rally to hit an all-time high at $0.01875.
However, despite efforts by holders to consolidate these major gains above higher support at $0.01255, all was too good to be true – with a major dump engulfing the chart around 21:45PM UTC.
In classic rug-pull form, as the dust settles, WSP price has been left in the dirt following a -98.5% bleed-out.
Now, with a market cap of just $13,000 – it seems likely that WSP is finished, and set to join the ranks of countless GME-linked meme coins that have pumped and dumped since the return of Roaring Kitty.
But WSP is not a unique instance; traders across the market have suffered the scourge of naughty blockchain developers deploying quickfire scams on DEX markets.
Not everyone
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