Several memecoins inspired by the United States Securities Exchange Commission (SEC) and its chair, Gary Gensler, have surged in price following the regulator’s lawsuits against crypto exchanges Coinbase and Binance. Good Gensler (GENSLR) rallied over 260%, while Fuck Gary Gensler (FKGARY) surged over 530%. Another token featuring the ticker “SEC” experienced a 15,530% rally but has since plunged over 61% from its all-time high. Memecoins are considered high-risk investments due to their lack of underlying fundamentals and extreme volatility.
– Memecoins inspired by the SEC and Gary Gensler have surged in price following lawsuits against Coinbase and Binance.
– Good Gensler (GENSLR) rallied over 260%, while Fuck Gary Gensler (FKGARY) surged over 530%.
– Another token featuring the ticker “SEC” experienced a 15,530% rally but has since plunged over 61% from its all-time high.
– Memecoins are considered high-risk investments due to their lack of underlying fundamentals and extreme volatility.