Gary Gensler meme coins: they’re the latest craze in the world of cryptocurrencies, bringing a heavy dose of mockery to the ever-evolving landscape of digital assets.
Inspired by the Securities and Exchange Commission (SEC) chairman Gensler, these whimsical tokens have created so much noise, capturing the attention of investors and internet trolls alike.
As lawsuits loom over Binance and Coinbase, the popularity of these meme coins seems to be reaching its peak, creating a peculiar mix of financial frenzy and comedic relief in the crypto community.
Expletive Meme Coins Poke Fun At SEC & Its Chairman
F*** Gary Gensler (FKGARY)
One of the notable tokens in this wild world of jest is the creatively named F*** Gary Gensler (FKGARY), which has experienced an astonishing surge of more than 500% within a mere 48 hours, as reported by decentralized exchange screener DEXTools. It seems that investors and meme enthusiasts couldn’t resist the allure of expressing their sentiments about the SEC chairman through this skyrocketing token.
FKGARY token price chart. Source: DexTools
Good Gensler (GENSLR)
Not to be outdone, another Gensler-inspired meme coin called Good Gensler (GENSLR) has also taken flight, rallying over 100%, according to Benzinga. This witty token, with a total market capitalization of approximately $3.2 million, has been generating considerable trading volume, reaching over $1.25 million within the last 24 hours.
SEC: Stupid Egotistical C***Suckers
However, Gensler’s comedic influence doesn’t stop there. The meme coin enthusiasts have targeted the SEC itself with a token aptly named “SEC,” representing “Stupid Egotistical C***suckers.” Unsurprisingly, this token experienced an extraordinary amount of volatility following the SEC’s recent actions.
Bitcoin nearing the $$25K level. BTCUSD chart on TradingView.com
Launched on June 5, the SEC token embarked on an astonishing rally, skyrocketing by a staggering 15,000% within a mere 24 hours. However, the joyride was short-lived, as the SEC-themed meme coin has since plummeted by over 50% from its all-time high at the time of writing.
Meme Coin Mania: From Frenzy To Misery
Meme coins took center stage in May, particularly PEPE, whose market cap even reached 1 billion at some point. Unfortunately, for many meme coin enthusiasts, the aftermath has been far from amusing, as the majority of these once-popular tokens have witnessed a dramatic plunge in their prices.
However, even in the midst of this downward spiral, the crypto community, notorious for its resilience and wit, couldn’t resist injecting a dash of hilarity into the otherwise serious situation. As the SEC turned its attention toward Binance and Coinbase, meme coin fans seized the opportunity to infuse some much-needed frivolity into the crypto market’s grappling with regulatory scrutiny.
At the time of writing, these meme coins may be experiencing an upward trend. However, their future performance is uncertain as we wait to witness the outcomes of the ongoing lawsuits involving major cryptocurrency exchanges such as Binance and Coinbase. The lawsuits’ developments and resolutions will play a pivotal role in determining the fate and stability of these meme coins in the long run.
Featured image from Coinscreed