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The Money Desk · Blog
Re:

Meme Coin Presales Promoted in December 2024: Two Examples, Not a Ranking

Flockerz and Wall Street Pepe were promoted as meme coin presales in December 2024, but available issuer claims do not support a verified “best” ranking.
From TheFinanceBase Team4 min to read
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There is no evidence-based “best” ranking for meme coin presales promoted in December 2024. The available project information is promotional and does not provide comparable independent checks of security, sale terms, delivery, or performance. Two examples from that period are Flockerz (FLOCK) and Wall Street Pepe (WEPE); the details below are historical, issuer-attributed claims, not recommendations or evidence that either was a good investment.

What the December 2024 evidence can—and cannot—show

“Best” is subjective here, not a verified finding. The available material shows that Flockerz and Wall Street Pepe were promoted as presales; it does not establish that they were the best opportunities among all projects promoted that month. Nor does a stated feature, allocation, raise, or price prove that a project delivered it, that a token was secure or liquid, or that it gained value.

The comparison below separates what project sources said from what is not established. It is not a ranking. The cited figures and descriptions come from issuer-controlled material and were not independently verified in the available evidence.

Project Dated sale information Issuer-described features or allocation Important limits
Flockerz (FLOCK) A specific December 2024 launch date, sale price, or amount raised is not stated in the project website information cited here. Flockerz’s project website describes FLOCK as a Vote-to-Earn meme coin with a planned DAO governance mechanism. It publishes an allocation of 20% to presale, 25% to staking rewards, 25% to the DAO vault, 10% to exchanges and liquidity, and 20% to marketing. The descriptions and allocation are issuer-published; they do not independently establish delivery, security, or performance. Lockups, chain and transaction requirements, and audit scope are not stated in the cited information.
Wall Street Pepe (WEPE) A 20 December 2024 project-attributed release distributed through GlobeNewswire said the presale launched on 3 December, reported $32 million raised, and gave a current-stage price of $0.000365. The same release described trading insights, signals, staking, and community rewards as intended features. The reported raise and stage price were not independently audited or verified in the available evidence. Token allocation, lockups, chain and transaction requirements, and audit scope are not stated in the cited release.

How to interpret the project claims

Flockerz: planned governance and published token allocation

A Vote-to-Earn concept and planned DAO are descriptions of intended functionality, not proof that governance or rewards were operating as described. Likewise, the published percentages describe the project’s stated allocation; they do not establish how tokens were distributed, whether the plan was followed, or what the tokens were worth.

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Wall Street Pepe: issuer-reported raise, price, and intended features

The $32 million figure and $0.000365 stage price belong to the project’s 20 December 2024 release. They are not independently verified figures, and the stage price is not a current price or evidence of later market value. The release’s trading tools, staking, and rewards were presented as intended features, not independently confirmed delivery.

Risks and regulatory context

The Financial Conduct Authority’s consumer information on initial coin offerings warns generally that token sales can be speculative and volatile, may involve fraud or inadequate documentation, may lack ordinary investor protections, and can result in losing the entire amount invested. These are general cautions, not findings that either named project was fraudulent or deficient.

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On 17 December 2024, the European Securities and Markets Authority (ESMA) published an update on MiCA implementation. ESMA Chair Verena Ross said: “Nevertheless, it is crucial to recognise that the new regime would not suffice to eliminate the inherent uncertainty and volatility in the crypto-assets market, and investors should fully understand the risks before engaging in this space.” ESMA identified 30 December 2024 as MiCA’s entry-into-application date. The statement is about general crypto-asset market risk; it does not endorse either presale or establish what protections applied to a particular buyer or token.

In a later statement dated 27 February 2025, the U.S. Securities and Exchange Commission’s Division of Corporation Finance described typical meme coins as primarily driven by market demand and speculation and as having limited or no functionality. The statement expressly presents Division staff views, has no legal force or effect, and does not determine the legal status of any specific token or offering. It should not be treated as a conclusion about FLOCK or WEPE.

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Sale
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What a prospective buyer would need to verify

Historical promotional material is not enough to judge a presale. Before assessing any token sale, look for dated, independently checkable evidence on the points that matter to the transaction and the token’s risks:

  • Sale terms, launch and closing dates, accepted payment methods, and any restrictions by location.
  • Token allocation, vesting or lockups, and the rules for claiming tokens.
  • The blockchain and contract address, plus an independent security review that identifies its scope and findings.
  • Whether described utility is already functioning or only planned, and evidence that the relevant features work.
  • Any claimed listing, liquidity, or market activity, verified through dated primary records rather than promotional language.
  • The legal and consumer-protection rules that apply in the buyer’s jurisdiction; do not assume a presale has ordinary investor protections.

The cited material does not establish comparable independent evidence for the two projects on team identity, contract security, sale terms, liquidity, performance, or actual delivery. Those gaps prevent a defensible comparative ranking, rather than serving as proof for or against either project.

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Sources and time frame

Project descriptions and allocations above are attributed to the Flockerz project website. Wall Street Pepe’s launch date, reported raise, stage price, and planned features are attributed to its project-attributed GlobeNewswire release dated 20 December 2024, “Wall Street Pepe Raises $32M in Presale for New Trading Insights Ecosystem.” General risk and regulatory context comes from the FCA’s “Initial Coin Offerings,” ESMA’s 17 December 2024 MiCA implementation update, and the SEC Division of Corporation Finance’s 27 February 2025 staff statement on meme coins. These sources do not establish present-day sale availability or token value.

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