📢 Meme coins are on the rise again! A single post by Keith Gill, the retail trader behind the GameStop short squeeze, sparked a surge in meme coins, including Pepe and Floki. Gill's post, his first in three years, sent GameStop's stock soaring and the crypto market followed suit.
Meme coins related to GameStop, Gill, and his online persona flooded the Solana and Ethereum blockchains, with a GME token surging by 500%. Larger tokens like Pepe and Floki also saw increases of up to 30%.
This activity has revived talks of a potential Dogecoin rally, similar to the one seen in 2021. The market's reaction to Gill's post suggests a return of risk appetite to the crypto markets.
What are your thoughts on this meme coin surge? Do you think this is a sign of a more significant market shift? Let's discuss in the comments! 👇