Book of Meme, a Solana-based meme coin, is experiencing a significant price drop over the past month, attracting traders' attention to a new meme coin, Wall Street Pepe, for better investment opportunities.
Declining trading volume and Open Interest for BOME
Data shows declining interest in BOME. According to Coinglass, trading volume has dropped by 45.6%, indicating decreased activity. Open interest has declined from $172.92 million on Dec. 8 to $75.20 million, illustrating lost trader confidence. This may be due to factors like poor price performance and lack of significant news catalysts.
Traders move into Wall Street Pepe presale
While BOME struggles, Wall Street Pepe, a new meme coin on the Ethereum blockchain, attracts investor attention. The project focuses on financial empowerment and community growth, offering token holders access to market reports and trading strategies. The presale has already raised $48.5 million, showing investor interest.
WEPE tokenomics
Wall Street Pepe operates on a thoughtful tokenomics model that encourages growth and community engagement. Out of 200 billion WEPE tokens, 20% is allocated to the FROG Fund, 12% for staking rewards, while 38% supports marketing. The remainder is designated for liquidity and trading rewards.
While BOME faces challenges, the new Wall Street Pepe coin presents intriguing opportunities, drawing the interest of many investors. Its unique tokenomics and community approach make it a promising project.
