Melania Trump’s $MELANIA memecoin saw $2.6M in early buys and nearly $100M in profits, sparking transparency concerns.
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As “Roaring Kitty” reactivates his social media, the financial landscape shifts dramatically. PEPE cryptocurrency hits record highs, memecoins soar, and meme stocks like GameStop and AMC Entertainment rally. This surge underscores the profound impact that social media influencers and internet culture can have on traditional and digital markets, sparking significant movements and attracting a new wave of retail investors. This event highlights the increasing interconnectedness of social media actions and financial market reactions.
On March 5, bitcoin reaches its all-time high of $69,000. The increase of 56% in bitcoin’s value has generated interest in other meme coins.