The Wall Street Memes community are jubilant after a big burn event saw 5% of $WSM supply incinerated, and to keep the party going, WSM Casino has revealed plans for a massive $1 million $WSM airdrop.
WSM Casino announced the airdrop as a celebration, after the leading crypto casino hit a major milestone of $100M wagered across the WSM Casino.
Anyone who actively participates, by wagering on the WSM Casino platform, will be eligible to receive airdrop rewards – so, don’t skip the chance to claim your share of the $1 million airdrop pool.
HUGE ANNOUNCEMENT! 🚨
— Wall Street Memes Casino (@wsmcasino) March 1, 2024
A $1million $WSM Airdrop is coming… 💸
To celebrate $100 million wagered in the WSM Casino, we’re airdropping $1million worth of $WSM to players!
How will it work? Simply wager in the WSM Casino to be eligible – the more you wager, the bigger your… pic.twitter.com/jetY3TD86j
The first season of the WSM Casino airdrop will be commencing on March 8, marking the launch of a two- month window of opportunity for entrants to participate.
The Wall Street Memes team have promised further information will be revealed next week.
Wall Street Memes Embraces Deflation: February Burn Event Destroys 5% of $WSM Supply
The WSM Casino airdrop announcement comes hot on the heels of yesterday’s major burn event, which saw 100% of the Net Gaming Revenue (NGR) generated by WSM Casino between October 2023 and January 2024 burned.
With the aim of introducing deflation into $WSM tokenomics, the NGR burn ultimately saw 100,000,000 $WSM tokens (5% of supply) cast into the inferno on February 29.100 MILLION $WSM TOKEN BURN COMPLETE💥
— Wall Street Memes (@wallstmemes) February 29, 2024
We have just completed our first HUGE Net Gaming Revenue burn, which amounted to 5% of the $WSM supply🔥
This isn't the last time, we'll be burning 100% of the $WSM NGR from the @wsmcasino at the end of each month so stay tuned for… pic.twitter.com/OUYNz5Sbxq
But that’s just the beginning, with this massive burn event marking the start of recurring monthly burns for NGR on WSM Casino – as developers push to give back to long-standing $WSM holders.
Burn event progress can already be seen via the WSM Web3 Dashboard – check it out here.
$WSM Price Analysis: Wall Street Memes Burn Helps It Outperform Dogecoin
Markets have responded to the $WSM burn event hype with excitement, with anticipation for the deflationary mechanism catalyzing a substantial upside move over the past 72 hours.
Wall Street Memes is now trading at a current market price of $0.012 (representing a 24-hour gain of +2.18%).
(Source)
With strong footing atop the 20 DMA, $WSM price action remains poised in a bullish breakout (reflected by the MACD at 0.000702) as trading volumes uptick 15.28%.
This brings $WSM’s total weekly gain to an impressive +65.6%, in a defiant move that is seemingly outperforming the meme coin vertical.
Take for example the leading token in the sector – Dogecoin ($DOGE) – which despite a more prominent market position has struggled to keep pace with $WSM’s stunning climb.
Over the past 24 -hours, whilst $WSM has continued to pump, $DOGE has fallen into a troubling -6.2% retracement as rally momentum stalls.
($WSM – Blue, $DOGE – Orange)
And whilst Dogecoin has been able to mount a price increase of +44% over the past week (a sign of strength for the meme coin sector), this is still dwarfed by $WSM’s burn event move.
Now, with WSM Casino’s announcement of an upcoming $1M airdrop campaign, it seems likely that the hype-fuelled rally will continue to grind -up, especially as airdrop participants flock to wager with $WSM (adding further demand-side pressure).
Double-Down With WSM Casino’s Turbocharged Referral Offer: Here’s All You Need To Know
The profits from Wall Street Memes don’t stop there, with WSM Casino offering one of the best Telegram referral offers in the GambleFi sector.
The WSM Casino team recently upped their offer to an alluring 25% share of Net Gaming Revenue generated by players you refer to the platform.
That means you can earn an extra 25% revenue share on anyone signing up to WSM Telegram Casino using your referral code, an easy sell with WSM Casino’s 200% bonus on first-time $WSM deposits.
You can join the WSM affiliates program here, and don’t forget to stay tuned in with the latest Wall Street Memes project news by connecting with WSM Casino on X (Twitter).
Also, don’t forget to participate with the WSM community on Discord as well as Telegram, and add to the hype on Instagram and TikTok.
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