“Shiba Inu’s Burn Rate Soars: GameStop’s Memecoin Debut & Trump’s CBDC Stance | Cryptocurrency Weekly Recap”

The GameStop Memecoin Debut

Remember the GameStop “meme stock frenzy” of 2021? A GameStop memecoin on Solana has made its debut, using the same $GME ticker. The memecoin managed to amass a market capitalization of over $14 million within its first 24 hours of existence. Memecoins are known for their rapid movements, often swinging between millions or zero in a matter of hours.