Friday, October 27, 2023 – As meme coin season returns following a breakout rally for the Bitcoin price, KuCoin has listed Wall Street Meme’s native token $WSM for perpetual futures trading with up to 20x leverage.
This comes hot on the trail of the highly anticipated Wall Street Memes Casino, which launched last week in an innovative Telegram play aiming to shake-up the GambleFi market.
— KuCoin Futures ⚡️ (@KuCoinFutures) October 27, 2023
Keen traders will now be able to trade $WSM futures on KuCoin without a derivatives contract expiry date, enabling them to take advantage of long-term price action with a maximum of 20x leverage.
KuCoin’s 20X Leverage $WSM Perpetual Futures Listing Can Make $WSM Pump – Here’s Why
$WSM price action has been making a comeback over the past 9 days, following a large retracement, with double-bottomed support emerging above the $0.02 price level.
The bullish posture of $WSM has already seen the price push-up +33% week-on-week, and this has been matched by 3.9% growth in $WSM holders.
With Wall Street Memes’ 24-hour trading volume on-chain already surging to $1.16m, the breaking news surrounding a perpetual futures contract listing on KuCoin is likely to fuel the upside move further.
Indeed, KuCoin Futures is ranked as the 10th biggest crypto derivatives exchange in the world, and the $WSM perpetual futures contract listing will see Wall Street Memes tap into a share of KuCoin’s $1.5bn in 24-hour trading volume.
Back on October 12, when $WSM secured a major perpetual futures contract listing on ByBit and MEXC, the price surged +19% on the perps market – hinting at the bullish sentiment that can follow perp contract listings.
As $WSM Price Pushes Higher – Don’t Miss Out on Wall Street Memes Casino
The recently launched Wall Street Memes Casino product boasts a repertoire of over 5,000 high-octane games, and, especially for Wall Street Memes holders, there is a whole suite of new exclusive games at your fingertips.
But the thrill doesn’t end with online and Telegram games, Wall Street Memes Casino also offers a huge range of live sports betting opportunities for sports fans – with more than 1,000 events available.
The casino accepts a range of cryptos – whether you hold your crypto wealth in Bitcoin (BTC), Ethereum (ETH), the classic favorite Dogecoin (DOGE), or any stablecoin.
However, the real highlight is the integration of the platform’s native token, with players making first-time $WSM deposits receiving 200 free spins on the most popular slot game.
But the returns for $WSM holders don’t stop there, with additional rewards available via a novel staking mechanism, promising 39% APY at the time of writing.
The staking mechanism has already seen 28% of the total $WSM supply staked as holders stay committed to the long-term prospects of the Wall Street Memes project.
And for those with an eye on the prize, a massive $50,000 $WSM airdrop contest is up for grabs. With just 40 days left and a chance to enter up to 7 times, the race is on.
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.