As on-chain activity continues to fuel major gains in crypto markets, Jinbe Knight of the Sea (JINBE) token has been the latest to break-out, after a sensational +2,000% pump saw the One Piece-themed meme coin surge to top of DEXtools.
The meme coin depicts Jinbe – a whale shark fish-man from the Straw Hat Pirates in the popular Japanese Anime series One Piece.
However, allegations are already emerging that suggest Jinbe could be a next-generation honey-pot scam, manipulating a lack of honeypot checkers on V3.
JINBE Price Analysis: Is Jinbe Knight of the Sea a Scam?
Amid the dramatic upside move, JINBE is currently trading at a market price of $0.0001864 (representing a 24-hour change of +2,091%).
This comes only 24-hours after the initial launch, at 10AM yesterday (September 14), in an opening that saw little traction in the first 6-hours, with price only pushing up from $0.0580 to $0.00001325 in a minor +58% move.
However, at 16:00 on-chain market interest was triggered with a sudden +85% candle.
With early-backers now at a +200% gain, the following 16-hours would see the chart swept by a massive rally – as price surged up to hit an all-time high at $0.0002465 (a jaw-dropping +3,000 gain since launch).
Fuelled by almost 1,000 transactions, JINBE’s DEX market cap surged to hit $828k – as the break-out coin seems set to push past the $1m mark.
However, for 253 committed holders – concerns are arising about the legitimacy of this moon-shot token, as tweets emerge alleging a scam.
In spite of these allegations, Jinbe Knight of the Sea seems to pass preliminary honeypot detectors – highlighting the concern about risk from V3 tokens.
Yet, as buy pressure remains strong, representing 80% of transactions over the past hour as JINBE enters localised retracement – this break-out meme coin seems set to continue its run.
But while on-chain traders are balancing risk, smart money have already allocated capital into a more reliable play – the biggest meme coin CEX listing of H2 2023.
10 Days Left Until Wall Street Memes CEX Listing After +$25M Presale Round
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 10 days – lets deep dive why.
Exploring: Why is Wall Street Memes Expected to Explode on Tier-1 CEX?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Wall Street Memes Has Growing Army of Whales After Huge $840k Purchase
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme’s Has Tokenized +1m Anti-Wall Street Movement Community
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.
And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.
And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.
Buy $WSM Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here