Investors Dump Brett, Popcat Coin, PNUT – Is Wall Street PEPE The Biggest Presale?

As meme coins like Brett, Popcat, and PNUT experience a sharp decline, retail investors are turning to Wall Street Pepe ($WEPE), a presale project that has raised $33 million in less than two weeks. Could this be the biggest meme coin of 2024?

The meme coin market is facing a strong sell-off, with the total market capitalization of all meme coins tracked by CoinGecko dropping 12% to $113 billion on December 13.

Smaller coins, particularly Brett ($BRETT), Popcat ($POPCAT), and Peanut the Squirrel ($PNUT), have been heavily impacted.

• Brett, the leading meme coin on the Base Blockchain, has declined 23% in the past week.
• Peanut the Squirrel, a famous meme coin on Solana, has plummeted by 40%, while Popcat and Mog Coin have also suffered double-digit losses.

This decline comes as Bitcoin ($BTC) has dropped from its ATH of $108,200 to below $100,000, as investors take profits and fear the Federal Reserve's hawkish stance on interest rates.

History shows that Bitcoin's volatility often leads the trend of meme coins, as retail investors tend to react more strongly than institutional investors during market corrections.

This sell-off has created a unique opportunity for Wall Street Pepe ($WEPE), a rising meme coin that has attracted attention from retail traders seeking high-growth potential, having raised $33 million in less than two weeks.

Wall Street Pepe ($WEPE): The Meme Coin Revolution

Wall Street Pepe is not just a typical meme coin – it's a movement designed to empower retail investors. With a presale price of $0.0003651, $WEPE has captured the interest of traders looking to "flip the script" on crypto "whales".

Wall Street Pepe combines humor and utility, positioning itself as the "Jordan Belfort of crypto". The project's founders have built a "WEPE army" – a community of like-minded investors equipped with exclusive information, strategies, and trading signals.

The rapid fundraising – averaging $2.28 million per day – demonstrates the project's strong growth. Unlike meme coins that rely solely on crowd hype, $WEPE provides real value through its community-driven approach.

Why Investors Are Shifting from Brett, Popcat, and PNUT to Wall Street Pepe

The decline of Brett, Popcat, and PNUT highlights the volatility of smaller meme coins, especially during Bitcoin's correction periods. According to data from Nansen, smart money investors have significantly reduced their holdings in these coins, indicating a loss of confidence.

• The number of Brett's smart money investors has dropped to just 40, with their account balances at multi-month lows.
• The number of smart money investors in Peanut the Squirrel has also halved, from 100 to 35.

Meanwhile, the outstanding success of Wall Street Pepe's presale and the project's real-world value have attracted both retail and smart money investors. With a record-breaking presale underway, $WEPE is seen as a safer and more promising investment.

Wall Street Pepe Versus Other Meme Coins

The success of Wall Street Pepe reflects the growth of other "meme coin giants" like Pepe Unchained ($PEPU), which raised $73 million in its presale and delivered 171% gains after listing. Similarly, CatSlap ($SLAP) has generated up to 3,450% returns for early investors.

What sets Wall Street Pepe apart is its strategic approach:

• Empowering Retail Investors: The project provides retail investors with tools to act like "whales", shifting market dynamics in their favor.
• Exchange Listing Potential: Rumors of a Binance listing further fuel interest, signaling the possibility of strong price appreciation.

As the market prepares for a "Santa Claus rally", Wall Street Pepe may lead the next successful wave of meme coins.

Although the current market is in a sell-off phase, the crypto market still has a positive outlook, with Bitcoin forecast to reach $122,000 in this cycle. History shows that the first quarter is typically a strong period for Bitcoin and altcoins, with an average return of 56%, according to CoinGlass.

This positive outlook is a good sign for meme coins, especially those with a solid foundation and community support. Wall Street Pepe, with its record-breaking presale and unique strategy, is well-positioned to capitalize on this growth momentum.