From Nasdaq:

This week, the world of cryptocurrency saw a GameStop memecoin emerge, driving markets worth millions in its first 24 hours. At the same time, a tweet by Elon Musk sent the OPTI token soaring to a market cap of $28 million. In addition, Shiba Inu experienced a surge in burn rate, with 61 million SHIB tokens eliminated from circulation, and Dogecoin is expected to see a 6% surge in value. Former President Donald Trump also expressed his disapproval of central bank digital currencies (CBDCs) during a speech in New Hampshire.

The GameStop memecoin debuted and quickly gained a market capitalization of over $14 million in its first 24 hours, utilizing the same $GME ticker as the famous meme stock frenzy of 2021.

Elon Musk’s tweet caused the OPTI token, built around his company’s humanoid robot, to surge in price, going from 21 cents to 28 million in market cap, almost immediately following the tweet.

Cryptocurrency analyst Muro predicts a 6% increase in value for Dogecoin, expecting it to surge to $0.083.

Shiba Inu experienced a spike in its burn rate, with 61 million SHIB tokens eliminated from the actively traded supply within a single day, due to three unidentified parties transferring 59 million SHIB tokens to a “dead” address.

During a speech in New Hampshire, former President Donald Trump expressed his disapproval of central bank digital currencies, calling them a “dangerous threat to freedom” and promising to never allow their creation.

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Read more: ‘Dogecoin Killer’ Shiba Inu’s Burn Rate Skyrockets, Trump’s Stance On CBDCs, GameStop Memecoin Debut And More: Cryptocurrency Weekly Recap