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Meme Coins, Meme Stocks and Ripple Get Attention

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Another week ends in the crypto realm with a plethora of attention-grabbing 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:

Eco Buzz Meme Coins

Notably, the meme coin sector has emerged as the talk of the crypto town this week, with PEPE and FLOKI leading the pack.

Pepê Currency, a frog-themed meme token, defied broader crypto market expectations this week, hitting new highs. Furthermore, in a surprising turn of events, smart money addressesIt is whales continued to accumulate significant amounts of the token despite its predominant bull run, generating optimism for its future price movements.

Another notable performer was FLOKI, a dog-themed meme coin, which also saw an unprecedented price surge last week. This price rise was mainly driven by FLOKI Token Burn Proposal and the listing in Revolutionpositioning Floki Inu as one of the leading coins in the meme token market.

Rise and sudden fall of Meme shares

On the other hand, meme stocks like GameStop (GME) &AMC’s sudden and abrupt revival following the return of Roaring Kitty’s social media account has taken the business landscape by storm. Notably, meme coins rose along with rising meme stocks, causing a stir on the global trading scene.

However, meme stock prices soon returned to a downward trajectory, making this week unforgettable for meme-based investment products. GameStop also filed to sell 45 million of its shares, entering into an open market pact with Jefferies LLC.

Read too: Elon Musk Reveals Major Updates for Grok Amid OpenAI Hype

The Ripple process takes a new direction

Meanwhile, the long term US SEC vs. Wavy process also gained significant traction this week. After presenting collective motions to seal important details such as XRP institutional sales discounts, sales agreement and others, Wavy CFO Jonathan Bilich filed a statement supporting Ripple’s motion to seal the documents.

Interestingly, amid the emergence of this news, it was noted that a staggering 280 million XRP was moved through 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, stated that the process could be completed in July or August this year.

Following the aforementioned developments, the XRP community appears to be in a state of frenzy.

Read too: Cardano Addresses $2.7B ADA Breakeven as ADA/BTC Bottoms

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