The little-known Calcium (CAL) token has exploded 7,400% after being abandoned by the developers of the world’s second-largest meme coin, Shiba Inu (SHIB).
Traders dissatisfied with SHIB’s unfulfilled promises have turned the dummy token into a serious project, pumping its price and creating real demand.
Meanwhile, the new meme coin Wall Street Memes (WSM) is being touted as the next meme coin that could explode as it gears up for Tier-1 exchange listings this week.
Calcium Token Explodes Despite Developer Warnings
Calcium is a token initially created by the developers of Shiba Inu as a “dummy token” and purely for testing purposes.
CAL was minted by Shiba Inu’s developers solely to renounce the Bone ShibaSwap (BONE) token contract.
Notably, the developers specifically stated that CAL was not intended to be traded – yet this didn’t prevent some opportunistic investors from buying tokens and adding liquidity.
Initially, CAL was only available on the ShibaSwap DEX, yet it is now actively available on other top exchanges, like Uniswap and LBank.
According to CoinMarketCap, CAL racked up over $10 million in daily trading volume in the past 24 hours – a 64% increase from the previous day.
This rise in trader activity has helped push CAL’s price to $0.0517 at the time of writing, which is over 7,400% higher than its Uniswap listing price from September 21.
Traders Unite Behind CAL as Token Takes On Life of Its Own
Data from Etherscan.io reveals there are now nearly 4,200 unique wallet addresses holding Calcium, indicating growing interest from the retail trading community.
However, this growing interest isn’t going down well with Shiba Inu’s developers.
SHIB community member Prince of Poverty tweeted a screenshot from Shiba Inu’s official Telegram channel, where Shytoshi Kusama, the lead developer of SHIB, urged those buying CAL to “stop it.”
Shytoshi’s appeal has had the opposite effect, as the attention received by the tweet only fueled more interest in Calcium.
This attention has even led to the #CalciumArmy hashtag becoming popular on Twitter, with hundreds of users supporting CAL and sharing their belief that the token could “moon.”
Ultimately, Calcium’s rapid rise is another example of the power that meme coins and community sentiment can have in the crypto market.
Final Chance to Buy WSM Tokens with 10 Hours Left of Presale Before Tier-1 CEX Listings
As the crypto community witnesses the exponential rise of Calcium, attention is now turning to the new meme coin Wall Street Memes (WSM) as the possible next underdog primed for a price explosion.
Wall Street Memes is based on the popular WallStreetBets subreddit, which made “meme stocks” like GameStop and AMC famous in 2021.
The creators of the Wall Street Memes brand have already tasted success in the digital assets market, thanks to the launch of Wall St Bulls NFTs, which sold out in 32 minutes and raised $2.5 million.
Now, the creators look to translate that success into the crypto space via the launch of WSM – an ERC-20 token currently in presale.
Given that the Wall Street Memes brand already has the support of over one million “degens” worldwide, the WSM presale has received colossal attention, raising over $25 million since launching in May.
However, the presale is now set to end in just 10 hours – meaning prospective investors must act swiftly to snag WSM tokens at the low price of $0.0337.
WSM will be listed on “multiple” top-tier exchanges on September 27, with some Wall Street Memes Telegram community members speculating that major platforms like Binance or Coinbase could be among them.
While no official confirmations have been made public, the anticipation surrounding these potential listings has fueled further interest in WSM – making it a token worth watching in the days ahead.
Visit Wall Street Memes Presale
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