Wall Street Meme, a well-known memecoin cryptocurrency community, announced that an exciting $1 million token buyback will begin on October 11 at 18:00 UTC.
As per the tweet by the WSM, these buybacks have already begun, and $1 million worth of tokens will be sent to the rewards wallet on October 11 to fund community rewards.
The market should experience increased short-term purchasing pressure as a result of buybacks, which may be advantageous for the near-term price forecast for $WSM.
These buybacks will not burn, so the supply of $WSM will not be inflated as a result. However, greater financing for community rewards will be beneficial for the Wall Street Memes community’s long-term growth, which will undoubtedly improve the $WSM price.
Also Read: Wall Street Memes (WSM) Listed On CoinW And Gate.io
