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Bitcoin And Ethereum can I have slow motionbut up meme tokens are in great shape today.
Solana-base dog hat (WIF) is in the lead, with a jump of 11%. Its price is now $3.68. In the meantime, Bonk is up more than 6% and is now trading for $0.00004148, CoinGecko shows.
FLOKI also made notable gains, jumping 9%: its price now stands at $0.0002953.
Zooming out, all three assets exploded over a seven-day period, all by over 33%.
Coin and token mania comes second to meme stocks continue to soar. GameStop (GME), the leading asset in the space, is up 37% today following news that the video game retailer made nearly $1 billion by selling more of its own actions. The games retailer did not miss the opportunity to capitalize on the renewal of its brand– at least among investors.
Its Solana-based tribute token, GME, is also up sharply today, rising over 20%. CoinGecko reports that the price of GME is now $0.004725.
Meme coins and tokens are assets that have gained popularity through online communities and social media. Meme stocks gained cult status in 2021 after amateur traders began buying GameStop, which had been shorted by Wall Street firms.
This craze has led to a surge of interest in meme cryptocurrencies, which are mostly based on Internet jokes but can still generate astronomical gains for some lucky traders.
However, Meme coins and tokens are just as risky and have been known to plunge in price and completely disappear as quickly as developers launch them.
Bitcoin took a hit today after defunct crypto exchange Mt. Gox moved over $9 billion yesterday in “digital gold” to an unknown wallet, which spooked industry observers.
Edited by Ryan Ozawa.
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