Memecoin Based On SEC Boss Is Up 3000%

April 24, 2023

As memecoins continue to rally this month, Good Gensler coin is up 3000% in a week.

Created on 21st April as a joke after Gensler’s testimony only had $50k market cap. At the time of writing, the meme coin has a market cap of $8,082,738.

Good Gensler memecoin has been trending on Twitter with over a million tweets so far.

Recently there has been a spike in interest in memecoins.

Earlier, frog base memecoins “pepe” and “McPepe” registered over 1000x jump in their prices as they trended on social media.

Bitcoin and ethereum are currently trading below $28,000 and $1900, respectively.

Though these meme coins may look like a lucrative investment, most of them usually turn out to be pump and dump schemes given their market cap size.