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The prices of Wall Street memes have surged in the past week, with meme coins such as the Wall Street Bets (WSB) token rising 56% and trading volume surpassing both the popular Shiba Inu and Dogecoin tokens.
The surge in the price of Wall Street memes is being attributed mainly to the increase in retail investor interest in the crypto market and the growing popularity of the Wall Street Bets (WSB) subreddit.
The trading volume of the WSB token is now almost double that of the Shiba Inu token and it now makes up 12.5% of total Dogecoin trading volume.
The meme coins are also benefiting from their popularity among retail investors who are using them as a way to express their views on the traditional markets and stock prices.
Wall Street memes have gained popularity, allowing for a new form of engagement with the markets. This is driving more investors and traders to engage in cryptocurrency markets, resulting in more competition for the limited meme coin supply and driving up their prices.
It remains to be seen whether the price of Wall Street memes will continue to rise or if it will fall back down soon. However, with the increasing interest from retail investors and a growing market for the meme coins, it looks like Wall Street memes may be here to stay.