#MOTHER, a meme cryptocurrency launched by rapper Iggy Azalea, has fallen 38% in the last 7 days. Jun 16, 2024
The last 7 days have been difficult for Solana meme cryptocurrencies, with the vast majority of tokens declining between 20% and 50%. Amid the current decline, GME and MOTHER were the most affected.
GME, which is not affiliated with but rather inspired by GameStop, is down 54% in the last 7 days. This is likely because Keith Gill, better known as Roaring Kitty, shared his holdings on the social media platform Reddit, showing that he was out of GameStop options, which were once worth $82 million.
Last week, GME witnessed a staggering 467% rally after it was revealed that influential trader Roaring Kitty would be returning to livestreaming after a nearly 3-year hiatus. But as his stream went live, GameStop’s stock price plummeted. Meanwhile, MOTHER—a meme cryptocurrency launched by rapper Iggy Azalea—has fallen 38% in the past 7 days.
The Australian rapper launched the meme cryptocurrency on May 30. She also expressed her love for the cryptocurrency space and hosted Twitter Spaces, a feature that allows users to conduct live audio interactions in a group setting, which attracted the attention of over 380,000 Twitter users.
In addition to GME and MOTHER, Solana meme cryptocurrencies such as BODEN and michi, which had risen earlier in the week, have seen a sharp decline.
BODEN, an intentionally misspelled memecoin based on current US President Joe Biden has dropped 30% over the past 7 days. However, the token rose 9% after Hunter Biden, one of Joe Biden’s sons, was found guilty of three counts related to weapons charges.
Meanwhile, MICHI, which posted gains of 18% on Monday after pop star Arianna Grande shared the meme on her Instagram account, has fallen more than 26% in the past 7 days.
Solana memecoin heavyweights Dogwifhat (WIF), BONK, and Book of Meme (BOME) are down 26%, 19%, and 18% respectively over the past 7 days
