TBOT Token has surged 10,000% in just 24 hours, but blockchain experts warn of its hidden 100% tax feature. Find out what alternative options they recommend.

TBOT Token has surged 10,000% in just 24 hours, but blockchain experts warn of its hidden 100% tax feature. Find out what alternative options they recommend.

The Rise and Fall of TurboBot Token: A Rollercoaster Ride in the Blockchain Industry

Pixabay / Victoria Regen

The blockchain industry is constantly evolving, with new projects and tokens being launched regularly. One recent example is the TurboBot token (TBOT), which gained explosive growth shortly after its launch on August 7. This token became the latest sensation in the world of Telegram trading bots, which connect to decentralized exchange (DEX) markets and conduct trades based on pre-defined rules. However, as the token’s price soared, concerns emerged regarding a hidden 100% tax function, leaving many traders unable to realize their gains.

TurboBot Price Analysis: Is TBOT Doomed to Fail?

The launch of TurboBot token on DEX markets caused a frenzy among investors, resulting in consecutive hours of explosive upside price action. Despite a major retracement as European DEX markets woke up to the sensational move, a strong support zone quickly emerged, leading to a monumental movement of over 190% in the next five hours. This surge brought the price to an all-time high of $0.0075, leaving early investors with staggering gains of over 34,000%.

However, this remarkable climb was overshadowed by a hidden 100% transaction tax. This tax prevented investors from selling their tokens, causing panic and ultimately resulting in a massive 80% dump. Unfortunately, this left many investors empty-handed. But all hope is not lost, as eagle-eyed traders have already shifted their attention to the next project gaining explosive traction in the crypto community.

Wall Street Memes Goes Viral As One Million Strong Community Fuel +$22m Presale

In the world of meme coins, one project has caught the attention of investors: Wall Street Memes (WSM). This project has amassed an impressive one million-strong community before even hitting the DEX markets, raising over $22 million in presale funding. This achievement is almost unprecedented for new meme coin projects, signaling the potential for a significant coin launch in Q3 2023.

WSM aims to tokenize the anti-bank movement and redefine our perception of digital value, drawing inspiration from the anti-bank sentiment seen during the Wall Street Bets phenomenon. One of the key factors attracting investors to WSM is its democratic price point, with each token priced at just $0.0331. The presale’s rapid growth suggests that investors have the opportunity to unlock lucrative gains, especially considering the built-in 30% bonus for presale investors in the initial listing.

Wall Street Memes’ Favorable Tokenomics Will Lead to CEX Listing

In alignment with its anti-bank philosophy, WSM allocates 30% of its token supply to community rewards and an additional 20% to liquidity, aiming to create a democratic project for the masses. This tokenomics structure has fueled the project’s explosive growth on social media, with the WSM community amassing an impressive 1 million followers.

This incredible community growth is likely to attract major centralized exchange (CEX) listings, such as Gate.Io, which could further propel the WSM token. The project’s success can be attributed to the Wall Street Bets NFT collection, demonstrating its proven track record and association with the original moment in history when WSM exploded onto the scene.

Don’t miss your chance to be a part of the next skyrocketing meme token and secure a slice of the action by buying $WSM!

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. Invest responsibly; you could lose all of your capital.