Meme Coins Drop Over 10% Following GameStop’s Stock Crash
Meme coins have experienced a notable decline alongside GameStop’s stock crash on June 7.
Although the drop was smaller than GameStop’s, major meme coins like Pepe, Dogewheat, Floki, and Bonk fell by over 10%.
The unpredictability of the market was evident as GameStop’s stock surged 47% the previous day in anticipation of a live broadcast by Keith Gill, known as ‘Roaring Kitty,’ who had led the GameStop rally.
