Wall Street Memes (WSM) has emerged as a symbol of the growing retail investor movement, challenging traditional financial systems and institutional dominance. Built as an ERC-20 token on the Ethereum blockchain, WSM represents more than just a cryptocurrency—it embodies a cultural shift in how everyday investors engage with markets. This guide dives deep into WSM’s price performance, market data, supply metrics, and its evolving role in the decentralized finance (DeFi) landscape.
What Is Wall Street Memes (WSM)?
Wall Street Memes (WSM) is a community-driven cryptocurrency that channels the spirit of retail investor empowerment. Inspired by the 2021 meme stock phenomenon—where platforms like Reddit fueled surges in stocks such as GameStop and AMC—WSM aims to bring that same energy to the crypto world. It’s designed to represent the voice of individual investors pushing back against Wall Street’s long-standing control over financial markets.
As an ERC-20 token, WSM operates primarily on the Ethereum network, though it's also available on BNB Smart Chain via a bridged version. The project emphasizes transparency, decentralization, and community governance, positioning itself as both a financial asset and a digital movement.
Market Overview and Key Metrics
At the time of writing, Wall Street Memes holds a market capitalization of approximately $1.18 million, placing it around rank #1,806 among all cryptocurrencies. While not among the top-tier assets by valuation, its niche positioning within the meme economy and retail investor narrative gives it unique relevance.
Trading Volume and Liquidity
The 24-hour trading volume for WSM stands at roughly $8,406, indicating relatively low liquidity compared to major altcoins. This suggests that while interest exists, large-scale institutional adoption hasn’t taken hold yet. However, consistent trading activity on platforms like MEXC Global shows ongoing community engagement.
Price Performance
WSM reached its all-time high of $0.0754** on September 30, 2023—just days after its launch. Since then, the price has corrected significantly, currently hovering around **$0.0006, reflecting a drawdown of over 99%. Despite this decline, the token remains actively traded, signaling sustained interest from retail holders.
This volatility is typical for meme-based tokens, which often experience rapid price spikes followed by extended consolidation periods.
Supply Distribution
Understanding supply dynamics is crucial when evaluating any cryptocurrency. For WSM, the numbers reveal a nearly maxed-out issuance:
- Circulating Supply: 1.94 billion WSM
- Total Supply: 2.00 billion WSM
- Max Supply: Not applicable (effectively capped at 2 billion)
With over 97% of the total supply already in circulation, there’s minimal inflationary pressure moving forward. A high circulating supply relative to total supply generally indicates maturity and reduces the risk of sudden sell-offs from unlocked team or reserve allocations.
A large circulating supply enhances market stability and supports broader distribution—key traits for community-centric tokens like WSM.
Exchange Listings and Trading Pairs
WSM is listed on a limited number of exchanges, reflecting its early-stage status:
- MEXC Global: Offers WSM/USDT trading with a daily volume of $8,348—the most liquid market for the token.
- Uniswap v3 (BSC): Features a WSM/WBNB pair with much lower volume (~$58), suggesting limited DeFi traction so far.
While availability is currently restricted, inclusion on even one major centralized exchange (MEXC) provides essential access for global traders.
On-Chain and Contract Information
Transparency is a cornerstone of trust in crypto projects. Wall Street Memes publishes verified contract addresses across chains:
- Ethereum:
0xb62e...adef - BNB Smart Chain:
0x6269...A735
These verified contracts allow users to independently audit token holdings, transaction history, and ownership status—critical for avoiding scams and counterfeit tokens.
Core Keywords and SEO Insights
To ensure visibility and relevance in search engines, the following keywords have been naturally integrated throughout this article:
- Wall Street Memes
- WSM price
- ERC-20 token
- meme cryptocurrency
- retail investor movement
- cryptocurrency market cap
- Ethereum blockchain
- WSM trading volume
These terms reflect high-intent queries from users researching WSM’s fundamentals, price trends, and investment potential.
Frequently Asked Questions (FAQ)
What blockchain is Wall Street Memes built on?
Wall Street Memes is primarily an ERC-20 token on the Ethereum blockchain. It is also available on BNB Smart Chain through cross-chain bridging, allowing for faster and cheaper transactions.
Is Wall Street Memes a good investment?
WSM carries high risk due to its speculative nature and extreme price volatility. While it appeals to those supporting the retail investor narrative, it lacks strong fundamentals like revenue or utility. Investors should conduct thorough research and only allocate what they can afford to lose.
How many WSM tokens are in circulation?
As of now, 1.94 billion WSM tokens are in circulation out of a total supply of 2.00 billion. This means nearly the entire token supply is already released into the market.
Where can I buy Wall Street Memes (WSM)?
WSM is available for purchase on MEXC Global via the WSM/USDT trading pair. It can also be swapped on Uniswap v3 (BSC) using decentralized wallets like MetaMask.
Has WSM been audited or verified?
While contract addresses are publicly verified on Etherscan and BscScan, there is no public record of a third-party security audit for the smart contracts. Users should exercise caution and verify all details independently.
What makes Wall Street Memes different from other meme coins?
Unlike purely joke-driven meme coins, WSM aligns itself with a broader socio-financial theme—the democratization of finance and resistance to institutional control. Its branding taps into real-world events like the GameStop saga, giving it cultural resonance beyond typical meme assets.
Final Thoughts
Wall Street Memes (WSM) may not dominate market charts, but it holds symbolic value in the ongoing evolution of decentralized finance. As a token born from internet culture and retail investor sentiment, it reflects how digital communities can rally around shared narratives—even in highly volatile markets.
While current price levels suggest limited short-term momentum, WSM’s foundation on Ethereum, transparent supply model, and alignment with real-world financial movements give it staying power in niche circles. For those interested in the intersection of memes, markets, and monetary rebellion, WSM remains a noteworthy case study.
As always, due diligence is essential. Monitor trading volume, community activity, and broader market conditions before engaging with any emerging crypto asset.