Record-high increase in gaming tokens the repercussions of the GTA 6 trailer leak
The Grand Theft Auto (GTA) 6 trailer was leaked on Monday, setting off one of the biggest events in gaming history and leading to an unsurprising increase in PEPE prices. Because of their popularity in pop culture, memes, and gaming tokens were predicted to increase in value following the trailer release event.
The price of PEPE increases when the GTA 6 trailer leaks online
The price of PEPE was trading at $0.000001403 at the time of writing, up less than 5% over the previous hour. The rapid release of the GTA 6 video game trailer contributed to the 15% spike in the previous day’s climb.
During the same period, a few other meme coins, including Memecoin (MEME) and Bonk (BONK), also reported rises of between 3% and 4%. But Axie Infinity (AXS), Gala (GALA), and The Sandbox (SAND) were the key entities; meme coins weren’t the only ones.
Despite not seeing particularly strong increases, these assets managed to rise by more than 2% in the last hour, and because of the trailer release event, it is anticipated that they will continue to show green on the charts.
Although this spike was predicted to occur on Tuesday, December 5, the day the video game’s trailer was first released, it happened early since the video had been leaked online the day before. Not too long after, the trailer was formally unveiled by developer Rockstar Games, who confirmed the same.
Meme coins and gaming tokens will be important to keep an eye on in the future because pop culture is their main driving force. Simultaneously, investors have to exercise caution over possible fraudulent tokens posing as GTA or GTA 6. This was the situation in 2021 when a token rug inspired by Squid Games defrauded investors of almost $3.4 million.