Memecoins
Meme Coins, Meme Stocks and Ripple Attract Attention
Another week ends in the crypto space with a plethora of interesting developments. Among these developments, meme coins, meme stocks, and Ripple have emerged as some of the hot topics, attracting global attention.
Here’s a collection of some of this week’s top headlines:
Parts Meme Echo Buzz
Notably, the meme coin sector has become the talk of crypto town this week, with PEPE and FLOKI leading the pack.
Pepe coin, a frog-themed meme token, defied broader crypto market expectations this week by hitting new all-time highs. Additionally, in a surprising turn of events, smart money addressesAnd whales continued to accumulate significant amounts of tokens despite its prevailing uptrend, sparking optimism about its future price movements.
Another notable performer was FLOKI, a dog-themed coin, which also saw an unprecedented price hike last week. This increase in prices is mainly explained by the FLOKI token engraving proposal and the list on Revolutionpositioning Floki Inu as one of the leading coins in the meme token market.
Sudden Rise and Fall of Meme Stocks
On the other hand, meme stocks such as GameStop (GME) & AMC’s sudden and abrupt rebirth following the return of Roaring Kitty’s social media account has taken the business landscape by storm. Notably, meme coins have risen alongside the rise in meme stocks, causing a stir across the global trading landscape.
However, meme stock prices quickly returned to a falling trajectory, making this week one to remember for meme-based investment products. GameStop also filed to sell 45 million of its shares, entering into an open market agreement with Jefferies LLC.
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Ripple lawsuit takes new turn
Meanwhile, the long American SEC against. Undulation chase also gained ground this week. Following the filing of omnibus letter motions to seal key details such as institutional XRP sales discounts, sales agreement and others, Ripple CFO Jonathan Bilich filed a statement supporting Ripple’s motion to seal the documents.
Interestingly, amid this news, it was noted that 280 million XRP had been moved via whales, adding a layer of intrigue to Ripple and XRP’s crypto venture. Simultaneously, pro-XRP lawyer Fred Rispoli, speaking on the Legit Bros live stream, said the trial could conclude by July or August this year.
Following the developments mentioned above, the XRP community appears to be in a state of frenzy.
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