BOT Token Surges 1,000% in 24 Hours But Experts Say It's a Scam – Here's the Coin They're Stacking Instead

Source / Sam Cooling X Base Bot

Straight to DEX tokens remain the strongest performing coins this summer, and in the latest August skyrocket, fresh market-entrant Base Bot (BOT) token has exploded more than +1,000%.

This comes amid a surge in interest around telegram trading bots, which have engulfed trading activities in a frenzy over the past two months, with leading projects such as Unibot growing to an impressive $100m+ market cap.

Base Bot Price Analysis: Exceptional Performer or Certified Scam?

With price reeling after the huge upside DEX move, BOT is currently trading at $0.2352.

DEXtools / BOT USD

As sell pressure grows, a significant localized retracement move is underway, with price action bleeding-out -60% since the daily high at $0.575.

This comes following a jaw-dropping +1,190% pump, which gripped BOT / WETH markets as an influx of more than $100k in liquidity flooded into this star-shot at launch around 10 PM on August 1.

The sudden spike enticed more than 400 holders to race in, driving price up for 8 consecutive hours on a sensational moon shot that no doubt made ranks of investors rich.

But some are already raising the alarm on this project, and it's not because of the bleed-out retracement price action.

The concern arises because of a lack of locked liquidity, which could leave ranks of well-intentioned bag holders trapped holding tokens they cannot sell due to low liquidity at $41.5k (which is currently less than 25% of the $234k market cap).

With more than 300 of the 434 holders likely unable to sell, and a small liquidity pool that could vanish in the blink of an eye, analysts are raising the alarm, and already DEX traders are taking note and moving onto the next moon-shot project.

Biggest Meme Coin Sale of Q3 2023?

Source / Wall Street Memes

Born from the Occupy Wall Street culture, and emboldened by the NFT success of popular investor forum Wall Street Bets, Wall Street Memes is a meme coin with a difference.

With backing from an impressive community of more than +1m followers, this near sell-out token presale is rapidly growing to become the most anticipated meme coin launch since Pepecoin ($PEPE).

Hoping to build on the success of Wall Street Bet's top NFT project, the new $WSM token is poised to take the meme coin market by storm.

In a meme coin homage to the intrepid investors that took on Wall Street, $WSM is aiming to transform powerful 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 $0.0328, the WSM presale has surged as a result rapidly reaching $20.41m.

With the speed of the presale growing faster by the day, 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.

Major CEX's Tipped to List Wall Street Memes As Follower Count Surges Past +1M

Source / Wall Street Memes

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 - fuelled in part by interactions with none other than Elon Musk!

Source / Wall Street Memes

This explosive community growth is likely to incentive major CEX listings such as Gate.Io, which could propel the $WSM token on an incredible moonshot.

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 - check out the Wall Street Memes Telegram and TikTok to connect with the growing community.

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.