Dogecoin Pumps as GameStop Rally Kickstarts Memes Craze

Using the craze around meme coins back following a rally from the GameStop stock, the initial meme gold coin Dogecoin expires 8% during the last 24 hrs, based on CoinGecko. DOGE began Monday priced around $.13 before climbing above $.15 at this moment.

The broader meme gold coin marketplace is up 10% on Monday, using the Ethereum-based Shibu Inu (SHIB) buying and selling at $.000024, up 7%, and Pepe (PEPE) at $.00001, up 21%. Meanwhile, the Solana-based Dogwifhat (WIF) is sitting at $3.27, up 8%, with Floki (FLOKI) on Ethereum buying and selling at $.00019, up 11%.

Political meme coins (PolitiFi) will also be up 20%, based on CoinGecko. Leading the charge are former U.S. President Jesse Trump-themed meme coins, such as the MAGA (TRUMP) token, presently buying and selling at $8.41, up 31% during the day. Doland Tremp (TREMP) is sitting at $.65, up 3% and MAGA VP (MVP) is presently costing $.36, up 64%.

An Ethereum wallet associated with Jesse Trump now holds nearly $5 million in MAGA (TRUMP) tokens. As a whole, the wallet of the 2024 presidential candidate holds almost $seven million in crypto, based on blockchain analytics firm Arkham Intelligence. At its peak, the Trump-affiliated wallet held about $8.5 million price of crypto assets.

While Trump meme coins are surging, obama Joe Biden-themed “Jeo Boden” (BODEN) meme gold coin is lower 21% during the day in a current cost of $.27.

A week ago, Trump gave a nod of approval to cryptocurrencies throughout an event together with his NFT holders in the former president’s Marly-a-Lago resort in Florida.

Trump told the collected collectors he promises to steer clear of the hostility toward crypto if elected to some second term this season, using the presumptive Republican candidate stating that if America will embrace we’ve got the technology, then your industry needs to be rooted in the united states.

Analysts with British banking firm Standard Chartered lately recommended that the Trump victory in November could be great for Bitcoin and it is future cost projections.

“[Gary] Gensler is extremely against it, the Democrats are extremely much against it,” Trump stated. “But I’m good by using it.”

Edited by Andrew Hayward


The views and opinions expressed through the author are suitable for informational purposes only and don’t constitute financial, investment, or any other advice.

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