The post PEPE Price and Gaming Tokens Jump as GTA 6 Trailer Leaks appeared first on Coinpedia Fintech News
The gaming world got a big surprise when the trailer for Grand Theft Auto (GTA) 6 leaked online, causing a stir in the crypto market. Due to this the meme token PEPE went up by more than 15% gain in the past day.
At the same time, gaming tokens like Axie Infinity, Gala, and The Sandbox all went up by more than 2% after the leaked trailer.
GTA 6 Trailer Leak Surge PEPE Price
The unexpected leak triggered a predictable surge in PEPE’s price, aligning with expectations that meme tokens, influenced by pop culture, would respond positively to such significant gaming announcements.
Due to this, the PEPE coin has seen a nearly 5% increase in the past hour, leading to the price of $0.00000137, adding to the coin’s impressive 15% gain in the 24 hours before the trailer was released. Earlier, analysts predicted that Pepe Coin is expected $0.00001 removing another zero from its price, as per the coinpedia news.
Notably, other meme coins, including Memecoin (MEME) and Bonk (BONK), experienced upticks ranging from 3% to 4% during the same period
Gaming tokens, represented by Axie Infinity (AXS), Gala (GALA), and The Sandbox (SAND), while not experiencing astronomical surges, managed to rise by over 2% within the hour following the leak. The market anticipates continued positive momentum for these assets as the excitement around the GTA 6 trailer lingers.
Shifts In Market Dynamics
The surge, initially expected on the official release date of December 5, came a day early due to the premature leak. Developer Rockstar Games promptly acknowledged the situation, confirming the authenticity of the leaked trailer and officially unveiling it shortly after.
Moving forward, the market’s attention will remain fixated on meme coins and gaming tokens, given their susceptibility to pop culture influences. However, investors are urged to exercise caution, with a reminder of the potential for scam tokens exploiting the GTA or GTA 6 theme.
A cautionary note was sounded, recalling the 2021 incident where Squid Games-inspired tokens rug-pulled investors, causing losses of nearly $3.4 million. As the market continues to ride the waves of pop culture, vigilance remains key.
#News [Source: Coinpedia]