Wall Street Pepe ($WEPE): Could This Be the Biggest Meme Coin of 2024?

As meme coins like Brett, Popcat and PNUT face steep declines, retail traders are shifting their focus to Wall Street Pepe ($WEPE), a presale powerhouse raising

The meme coin market experienced a downturn on December 13, with the total market cap of all meme coins tracked by CoinGecko decreasing by 12% to $113 billion.

Smaller tokens, such as Brett ($BRETT), Popcat ($POPCAT) and Peanut the Squirrel ($PNUT), faced the brunt of the sell-off.

– Commencing the week at $0.000405, Brett saw a 23% decline, dropping to $0.000311 by December 13.

– Among Solana meme coins, Peanut the Squirrel plunged by 40%, while Popcat and Mog Coin also experienced double-digit losses.

The downturn coincided with Bitcoin’s ($BTC) drop from an all-time high of $108,200 to below $100,000, largely driven by profit-taking and concerns over the Federal Reserve’s hawkish stance on interest rates.

Historically, Bitcoin’s movements have dictated meme coin trends, with retail investors reacting more drastically to market corrections compared to institutional players.

However, amidst the sell-off, one meme coin bucked the trend and emerged as a clear favourite among retail traders — Wall Street Pepe ($WEPE). The meme coin had an exceptional presale, raising an impressive $32 million in under two weeks.

This remarkable achievement attracted the attention of traders seeking high-growth potential, particularly in a market where smaller meme coins like Brett, Popcat and PNUT encountered difficulties.

Wall Street Pepe isn't just another meme coin — it's a movement designed to empower retail investors. With a presale price of $0.000365, $WEPE has captured the imagination of traders eager to level the playing field against crypto whales.

Its creators have built a “WEPE army”, a community of like-minded investors armed with exclusive trading insights, strategies and alpha calls. The project’s rapid funding — averaging $2.28 million daily — underscores its growing popularity.

Unlike other meme coins, which rely solely on hype, $WEPE offers tangible value through its unique community-driven approach.

The downturn in Brett, Popcat, and PNUT highlights the volatility of smaller meme coins, especially during Bitcoin’s correction. According to on-chain data from Nansen, smart money investors have significantly reduced their holdings in these coins, reflecting waning confidence.

– Commencing the week with 100 smart money holders, Brett's experienced a sharp decline, with only 40 remaining by December 13. Moreover, the balances of these holders dropped to multi-month lows.

– Peanut the Squirrel's smart money participation also halved, falling from 100 to 35 holders.

In contrast, Wall Street Pepe's robust presale performance and unique value proposition have attracted both retail and smart money investors. With a presale that's on track to surpass previous records, $WEPE is seen as a safer and more lucrative bet.

Wall Street Pepe's success echoes the rise of other meme coin giants like Pepe Unchained ($PEPU), which raised $73 million in its presale and delivered over 171% gains post-listing. Similarly, CatSlap ($SLAP) generated 3,450% returns for early investors.

However, what truly sets Wall Street Pepe apart is its strategic approach:

– Retail Empowerment: The project's insider group gives retail investors the tools to act like whales, shifting market dynamics in their favour.

– Potential Exchange Listings: Rumors of a Binance listing add to the hype, signalling a potential price explosion.

As the market prepares for a “Santa Claus rally”, Wall Street Pepe could lead the next wave of meme coin success stories.

Despite the current sell-off, the crypto market remains bullish, with Bitcoin expected to reach $122,000 during this cycle. Historically, the first quarter of the year has been strong for Bitcoin and altcoins, with an average return of 56%, according to CoinGlass.

This positive outlook bodes well for meme coins, especially those with strong fundamentals and community backing. Wall Street Pepe, with its record-breaking presale and innovative approach, is positioned to capitalise on this momentum.

Getting involved with Wall Street Pepe is simple:

1. Visit the Wall Street Pepe website and connect your wallet.

2. Choose the amount of BNB you wish to contribute (minimum 0.05 BNB).

3. Click "Contribute" and follow the on-screen instructions to complete your purchase.

Your tokens will be visible in your wallet ahead of the official claim date, allowing you to monitor your investment.