Crypto Lists have written about 400+ cryptocurrency friendly casinos, but few are as iconic and well known as Wall Street Memes.
Back when Covid-19 was a big problem around the world, the thoroughly anti-establishment Wall Street Bets emerged and invested in a few companies they found undervalued and a phenomena was born.
This iconic – and incredibly ironic – group has launched a new crypto casino called what you probably already guessed: Wall Street Memes Casino (review).
Wall Street Memes is a social media phenomenon that gained popularity by blending financial investment themes with internet meme culture. This trend primarily focuses on humorously addressing the stock market, cryptocurrency investments, and the behaviors of investors, particularly those within the retail sector. But it all began as Wall Street Bets… let’s discover more.
Perhaps you’d prefer to head straight there? Play on Wall Street Memes Casino now!
A pivotal moment for Wall Street Memes was the GameStop stock trading frenzy in early 2021, where a group of retail investors from the Reddit community r/wallstreetbets used memes to encourage collective action against hedge funds that had shorted GameStop stock. This event showcased the power of memes in mobilizing and influencing the behavior of retail investors, leading to significant market movements.
But perhaps we’ve jumped ahead of ourselves a bit. To put it bluntly, they hate short sellers using inside knowledge to crush the little guy. They are usually long term holders of shares they buy and don’t wish to be part of any pump and dump strategy.
The brick-and-mortar video game retailer GameStop Corp (GME) went up from $5 to $50 per share in August 2020. This gave many short sellers and hedge funds problems since they had to cover their positions and buy the GameStop stock at a much higher price.
Enter: the heroes we didn’t realize we needed, Wall Street Bets.
Anti-establishment heroes?
The battle between the elite hedge funds versus the meme kids of Wall Street Bets was viewed as a David vs. Goliath or Robin Hood situation. These anti-establishment upstarts were taking from the rich Wall Street elite and rewarding the small retail investor. Sweet!
Well, it depends if you’re a hedge fund manager or a vulture capitalist, we suppose. As crypto lovers, we’re definitely partial to a bit of internet libertarianism (particularly Tom) and seeing the little guy stick it to the elites. Which, coincidentally is exactly why Bitcoin is going up so much as long-term HODLers refuse to sell to the big boys of BlackRock et al.
Perhaps you weren’t aware that the guys over at Wall Street Bets actually popularized a lot of terms, including ‘Diamond Hands’ (being very resistant to volatility and holding no matter what) among others that have already found their way over to the crypto scene.
Other stocks the Wall Street Bets crew found undervalued
+MC Entertainment Holdings Inc. (AMC), the movie theater chain that saw flagging profits amid the COVID-19 pandemic,
+Blackberry Limited (BB), the outmoded smartphone maker.
+ Bed Bath & Beyond Inc. (BBBY)
+ Koss Corp. (KOSS)
+ Vinco Ventures (BBIG)
+ Robinhood Markets Inc. (HOOD).
After their success with GameStop and their anti-establishment position, is it any wonder the Wall Street Bets gang thought they could successfully pull of the same trick more than once? We applaud their gusto!
Then they launched a token: WSM
After a hugely popular and profitable community on Reddit, Wall Street Bets decided to make the next bet: Launch a meme coin. And so it went, the next project from this dynamic group was called Wall Street Memes (WSM).
When we write this today, the 8th of March, Wall Street Memes is currently at 83% discount since the launch. With around 20 million USD in market cap, it might have some potential upside if the team keep their plan. Originally, it was launched on the Ethereum blockchain, but WSM was recently moved to the BNB blockchain (the former Binance Smart Chain) instead. This was mostly a move to keep transaction costs down, since ERC-20 has become really expensive while BNB offer cheap transfers.
Supply: 0
Release date: September 26, 2023
Description: Discover Wall Street Memes and be part of the revolution!
Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.
Wall Street Memes Casino: The end product?
The grand finale after creating a successful community and later a meme token is to launch a top rated crypto casino with lots of different deposit options. If you’ve got the chutzpah to stick it to ‘the man’ while having tons of fun, why wouldn’t you launch an awesome Bitcoin gambling site? Epic bants and meme magic in action.
While most other Bitcoin casinos are limited to only BTC or a few additional coins, Wall Street Memes Casino have more meme coins than 95%+ of all competitors. Here, you can deposit with BONK, Pepe, Dogecoin and of course – the WSM token.
How to get started with Wall Street Memes Casino?
Like always, it’s great to start with reading our review of WSM casino. There, Crypto Lists brings/take up everything from the bonuses offered to all possible deposit methods, which game developers they offer and all the nitty gritty that you might be interested in.
However, if you just like to join the community and enjoy some fun on an epic crypto casino, then head over to the official website for WSM Casino now!
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Try your luck at Wall Street Memes now!
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