From Nasdaq, Inc.:

WYNN, the memecoin linked to rapper Drake, has seen a 152% surge in the past 24 hours, reaching a market cap of over $40 million. It gained this momentum due to Drake’s endorsement and is now a hot token for Solana traders. Other memecoins, BONK, MYRO, and WIF, also made market cap gains.

Dogecoin and Shiba Inu, the established dog coin stars, saw modest and unimpressive increases in their value over the past week. With WYNN investors hoping for it to surpass their favorites, the future of the meme coin looks promising.

Investors proclaim WYNN as the next big cryptocurrency, similar to Dogecoin and Shiba Inu. However, there are fears of potential price corrections in the future for the rising memecoin based on previously observed trends.



Read more: WYNN For The Win: Drake’s Memecoin Up 152% In 24 Hours, Puts Shiba Inu, Dogecoin In Their Places