Bitrabo Editorial
Recently, a new trend in the world of cryptocurrencies has emerged – Gary Gensler meme coins. These tokens bring an entertaining side to the ever-changing digital assets world by mocking the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler. These meme coins have captured the attention of investors and internet trolls alike, gaining extreme popularity despite looming lawsuits over exchanges like Binance and Coinbase.
Expletive Meme Coins Poke Fun at the SEC & Its Chairman
F*** Gary Gensler (FKGARY)
One of the outstanding tokens in this meme coin world is called F*** Gary Gensler (FKGARY). This creatively named token experienced an incredible surge of more than 500% within 48 hours, as reported by decentralized exchange screener DEXTools, which available for investors and traders to use. It seems that investors and crypto enthusiasts couldn’t resist the urge to express their sentiments about the SEC chairman through this skyrocketing token. You can check out the chart for the FKGARY token price on the DEXTools site.
Good Gensler (GENSLR)
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
The meme coin enthusiasts have targeted the SEC itself with a token aptly named “SEC,” representing “Stupid Egotistical C***suckers.” This token experienced an extraordinary amount of volatility following the SEC’s recent actions. 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 couldn’t resist injecting a dash of hilarity into the situation as the SEC turned its attention toward exchanges like Binance and Coinbase, presenting a notable example of 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