The recently launched cryptocurrency project, WALTER2.0, quickly generated substantial profits for its early backers.
In just 24 hours, the digital asset experienced a staggering 30,000% increase, creating numerous millionaires.
However, this remarkable rise has been marred by concerns raised by launch pad DEXTools, which has labeled WALTER2.0 as a potential cheating scam.
Additionally, the token has performed poorly in community votes, further reinforcing suspicions that it may serve as a deceptive mechanism for malicious actors to scam investors out of their funds.
Given the scarcity of reliable information, cryptocurrency experts strongly advise investors to be careful and avoid getting involved in this project.
Instead, they recommend exploring alternative community-driven tokens, such as $WSM, $THUG, and $HANKEY, which offer more transparent and trustworthy investment opportunities.
Huge profits, potential financial danger
In recent months, several projects have reported phenomenal profits in a short period.
Several of these projects have been joke cryptocurrencies, popularly called meme coins.
WALTER2.0 seems to belong to this group, although there is little to no information about what the token implies.
So far, the project has been more than 30,000% locked in and is currently trading at $0.000000022 in your last 24 hours.
The project has also logged over $105,000 in trading volume thus far. Its seven-day performance stands at a rough estimate of a 40,000% increase over the past week.
While these would generally spark excitement among investors, there seems to be a growing belief that this is one of several scam scams that have proliferated in the crypto space.
For one thing, aggregator website DEXTools garnishes a potential honeypot scam on the token’s trading chart.
For those new to the concept, a honeypot scam is a crypto project that seeks to attract investors to interact with a misconfigured crypto project or wallet.
Once enough liquidity is funneled into the project, the token maker can easily drain the funds into the smart contract, leaving investors with nothing in return.
Given the often inordinate profits or increases, such projects are often very attractive, hence the allusion to the honeypot.
WALTER2.0 is also blacklisted and has performed poorly in the community vote segment.
According to its DEXTools page, WALTER2.0 has been rejected by 95.7% of investors, and only 4.3% have given it the go-ahead.
Meanwhile, with the plethora of crypto projects out there, it’s crucial that investors always validate their authenticity.
One of the easiest ways is to learn about the project team so you know who they are and what they have built previously.
In this context, we provide more sustainable and solid projects that investors can take advantage of and leave out of the token bombs of the WALTER2.0 project.
Wall Street Memes ($WSM): Maximum expression of the triumph of the Internet over capitalism
A crucial aspect of a successful project is having a clear vision and purpose. Wall Street Memes exemplify this by embodying a change in the financial landscape.
Launched over a month ago, the innovative project tokenizes the movement that grew out of the 2021 GameStop events.
This blockchain protocol is positioned as a symbol of the triumph of the Internet over unrestrained capitalism.
With the widespread internet and technological advances of the last decade, average investors have become more informed, dismantling the financial barriers that once shut them out.
Wall Street Memes makes this possible by giving you access to an endless variety of financial memes.
While these memes may seem trivial in the traditional financial world, Wall Street Memes aims to help investors profit from them.
The project team has a wealth of experience in the blockchain arena, having previously orchestrated the immensely successful Wall Street Bulls NFT collection in 2021, which sold out on the Ethereum blockchain in 32 minutes.
The project has attracted significant attention and interest, with the active participation of more than 1 million crypto enthusiasts and investors.
Renowned pro-crypto billionaire Elon Musk has also pledged to the project, further enhancing his online presence.
This strong online presence has seen the Wall Street Memes project garner over 40 million impressions in a short time.
Furthermore, crypto experts have touted the project as the next big thing in the meme coin cycle. Many envision him making a Tier 1 trade list in the not too distant future.
With such a strong background, its native token, $WSM, has enjoyed a strong pre-sale window. The meme token has already raised over $14.82 million, with more investment coming in by the day.
Early investors can easily access this token to buy $WSM at its current pre-sale value of $0.0316 before the price rises in two days.
Buy $WSM now
Thug Life ($THUG): Baller’s first meme coin
Introducing the Thug Life protocol, an intriguing meme cryptocurrency project worth following.
With a strong focus on reinvigorating the iconic ’90s hip-hop lifestyle popularized by legends like Snoop Dogg and others, Thug Life stands as the definitive project that fully symbolizes this time frame.
Dubbed the gamer meme coin, Thug Life offers a platform for humor, brotherhood, and an opportunity for cryptocurrency investors to claw their way to success.
In the Web3 space, we have witnessed an influx of dubious endorsements from influencers and projects.
Unfortunately, many unsuspecting investors have poured their life savings into these companies, only to have their dreams shattered.
Thug Life aims to provide investors with an avenue to transform their past setbacks into profitable results.
It also embraces and celebrates the current buzz culture that permeates the Web3 space.
Your $THUG token is a potential 100x meme coin crypto degens don’t want to miss out on.
Adding to the excitement is their limited pre-sale stage, which has set a hard cap of just $2,058,000 to raise from early backers.
At press time, $THUG has raised over $1.75 million in pre-sale investment, leaving just a few more slots for investors to take advantage of.
Given the current pace, it is very likely that the pre-sale phase will sell out in four days.
Early investors can buy the $THUG token for $0.0007. However, this would increase dramatically once the pre-sale stage is over.
Buy $THUG now
Mr Hankey Coin ($HANKEY): South Park Mindful Meme Coin
Rounding out our top recommendation is the Mr Hankey meme coin. Launched just a week ago, Hankey is shaping up to be the most exciting meme coin project of 2023.
In 30 minutes, $HANKEY was able to secure over $200,000 in investment, generating excitement in the community.
The digital asset is a new meme coin that revolves around the beloved character Mr. Hankey from the popular television show South Park.
This animated figure, depicted as a joyous and conscious piece of feces, also served as the show’s former Christmas deity.
While many crypto projects emphasize glamorous details, Hankey Coin embraces its identity as a whimsical fecal symbol.
The project celebrates what it calls “dirty money” and does not aspire to become the next Bitcoin.
As the anonymous developers run the project, there are rumors that the same team behind the viral projects $PEPE and $SPONGE have something to do with it.
The project recently completed its pre-sale and is listed on UniSwap.
At press time, $HANKEY is trading at $0.0018, indicating a 12.82% uptrend over the past 24 hours.
Visit Mr Hankey Coin 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 your capital.
