HEISENBERG has gained by more than 60% in the past 24 hours, with the meme token also rising by as much as 30,000% since directly listing on Uniswap yesterday.
However, it’s likely that such gains have been the result of an artificial pump executed by the token’s issuers, with DEXTools labeling HEISENBERG as a scam.
This means that retail investors would be advised to avoid the altcoin unless they want to lose money, no matter how big its gains appear to be.
Instead, it may be safer to invest in meme tokens that have shown evidence of their viability and profitability, with the Wall Street Memes (WSM) presale now having raised more than $14.5 million, which provides a clear sign of actual market interest.
HEISENBERG Meme Token Shoots Up 30,000% But Experts Say It’s a Scam – Here’s The Next Crypto to Explode
As the chart below shows, DEXTools has labeled HEISENBERG as a scam, with an analysis of its smart contract revealing that it has a blacklist function (meaning genuine holders will be prevented from selling tokens).
Supporting this classification, the chart also shows an unnatural spike in trading volume just as soon as HEISENBERG listed on Uniswap.
This indicates that its insiders pumped the token early on so as to inflate its price and potentially attract real investors, who would presumably be left holding the coin while its creators exited the scene.
Also supporting the ‘scam’ classification is the fact that HEISENBERG has no online presence or following, again indicating that any gains it has experienced have come, not from social media-caused FOMO, but from its issuers.
Nonetheless, while investors are strongly advised to give HEISENBERG a miss, there are at least some new meme tokens that tick all of the important boxes.
One of the most notable of these is Wall Street Memes (WSM), an ERC-20 cryptocurrency that has already raised $14.5 million in its presale.
Wall Street Memes has been able to reach such a figure to its association with the meme stocks movement, which famously instigated the 2021 GameStop and AMC rallies.
Indeed, its Twitter account now has over 252,000 followers, a very obvious sign that it boasts its own community of supporters, who will help WSM rally when it lists on exchanges.
Such a following sharply distinguishes WSM from scam tokens such as HEISENBERG, which has no fanbase or community whatsoever.
Strengthening WSM’s community-related credentials is the fact that 50% of its supply has been allocated to its presale, with 30% reserved for rewards for the meme stocks community.
Such an allocation should incentivize a comparatively higher level of community involvement, given that investors know the token is highly decentralized.
New buyers can join the WSM presale by going to the official Wall Street Memes website, with 1 WSM now available for $0.0316.
This will rise to $0.0337 by the time the presale comes to an end, at which point WSM will list on exchanges, and potentially surge.
Visit Wall Street Memes Now
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 of your capital.
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