Memecoins
GameStop Meme Coin Explodes Over 220% in 24 Hours as WienerAI Presale Raises $4 Million
Meme coin season is in full swing.
The GameStop (GME) token, nicknamed after the famous meme stock of the same name, has exploded more than 220% in the last 24 hours.
But GME isn’t the only one making jokes: the hilarious WienerAI (WAI) project managed to raise over $4 million in funding during its much-discussed pre-sale event.
GameStop token soars after Roaring Kitty Reddit post
Those who slept on the GameStop token over the past day have been seriously missed.
This utility-free coin has gone viral, now changing hands at around $0.0124 after being valued at just $0.0037 yesterday.
Spot volumes have gone equally parabolic – up 1,300% to $278 million at the time of writing.
All this manic buying pressure has propelled the GameStop token to the third position on CoinMarketCap. trending cryptos list.
It also became the eighth most traded coin on all exchanges almost overnight.
But what exactly sparked this speculative frenzy?
Unsurprisingly, it’s Keith Gill, also known as Roaring Kitty on Twitter.
Gil resurfaced on Reddit to display his massive GME options positions worth nearly $180 million.
This message alone was enough to send both the GameStop coin and the stock itself skyrocketing.
GME shares are now at $40.26, a 73% increase from Friday’s close of $23.14.
GME Token Rally Elevates the Entire Coin Sector Meme
But the madness didn’t stop with just the GameStop token: it collected almost all meme coins over the past day.
Coin heavyweights including PEPE and DOGE joined the party, posting gains of 2%.
FLOKI, another established coin, has performed even better, seeing its price increase by 10% since yesterday.
The biggest winners, however, have been some of the more specialized offerings.
POPCAT, which represents the iconic Internet meme Pop Cat, jumped more than 14% to $0.449.
And TOSHI, paying homage to the beloved video game dog, exploded 34% as trading volumes increased.
In total, the overall market capitalization of meme coins exceeded $64 billion in this latest frenzy, while 24-hour trading volumes soared 37% to $7.4 billion.
These are staggering numbers for an industry primarily dominated by speculation.
Clearly, the influence of “meme lords” like Keith Gill still holds immense sway in this area of the crypto market.
AI-Powered Meme Coin WienerAI Takes Advantage of Market Euphoria, Raises $4 Million in Presale
Also benefiting from the meme coin euphoria is a new token with an outrageous name (and premise).
The token in question is WienerAIwhich just surpassed $4 million in pre-sale funds.
WienerAI’s native WAI token is a hot commodity among coin investors, given that it is currently priced at $0.000713.
The next pre-sale stage is expected to begin (and increase the price) in less than 24 hours.
Some investors have been clamoring to get involved in the pre-sale since WienerAI represents more than just a useless coin.
Of course, the sausage dog aesthetic comes straight from the playbook of viral internet memes.
Yet WienerAI also promises AI-powered crypto trading bot capabilities.
This “AI assistant” can scan the market 24/7, identify potential trading opportunities based on predictive analysis, and execute these trades across numerous DEXs.
Trades are executed with no fees and protection against state-of-the-art MEV bots.
It’s like having an expert sales assistant with a meme-inspired design.
As if that wasn’t enough, the WienerAI team also offers a staking app for WAI holders, which currently yields 261% per year.
Big names like ClayBro have suggested that WAI could be “the next 10x coin.”
Only time will tell if WAI fulfills ClayBro’s bold prediction.
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