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Attention Captured by Meme Coins, Meme Stocks, and Ripple

What a week it’s been in the world of cryptocurrencies, with so much happening to keep us all on our toes. From meme coins to meme stocks to Ripple, there’s been no shortage of exciting news capturing our attention.

Let’s dive into some of the highlights from this week:

Thrilling Trends in Meme Coins

This week, meme coins took center stage, with PEPE and FLOKI leading the way in the crypto community.

PEPE coin, known for its frog theme, surprised everyone by reaching new all-time highs despite the general market expectations. The smart money addresses and whales’ increased investment in PEPE coin during its bullish run have sparked hope for its future price movements.

Another standout performer was FLOKI, a meme coin inspired by dogs. It experienced a remarkable price surge in the past week, fueled by a proposal to burn FLOKI tokens and its listing on Revolut, solidifying its position as a prominent player in the meme coin market.

The Rollercoaster Ride of Meme Stocks

On a different note, meme stocks like GameStop (GME) and AMC made a sudden return to the spotlight after Roaring Kitty’s social media account resurfaced. The resurgence of meme stocks had a ripple effect on meme coins, creating a buzz in the global trading scene.

Although meme stock prices eventually dipped again, this rollercoaster ride made it a memorable week for meme-based investments. GameStop’s decision to sell up to 45 million shares through an open market agreement with Jefferies LLC added to the drama.

Ripple’s Legal Battle Unfolds

Meanwhile, the ongoing lawsuit between the U.S. SEC and Ripple made significant progress this week. With motions filed to seal crucial details like XRP institutional sales discounts and agreements, Ripple CFO Jonathan Bilich supported their motion to keep these documents confidential.

Adding to the intrigue, a massive 280 million XRP was transferred by whales, adding another layer of mystery to Ripple’s crypto journey. Pro-XRP lawyer Fred Rispoli even suggested that the lawsuit might reach a conclusion by July or August this year during a live stream with Legit Bros.

These developments have certainly kept the XRP community on the edge of their seats.

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