GameStop Solana Meme Coin GME and Iggy Azalea’s mom look at the big weekly losses

The past 7 days have been rough for Solana Meme coins, with most tokens down between 20% and 50%. Amid the ongoing violence, GME and MOTHER were badly hit.

GME, unrelated to it, but rather inspired by GameStop, is down 54% in the last 7 days. This is probably because Keith Gill, known online as Roaring Kitty, shared his possession on the social media platform Reddit, revealing that the MemeStop mascot is no longer holding $82 million worth of GameStop options.

Last week, GME saw an incredible rally of 467% after it was announced that influencer Roaring Kitty would be returning live after a 3-year hiatus. But when his stream went live, GameStop's stock price tanked.

Meanwhile, Mom—the meme coin started by rapper Iggy Azalea—has dropped 38 percent in the past 7 days.

The Australian rapper introduced the meme coin on May 30. She also expressed her love for the cryptocurrency space and hosted TwitterSpace, a feature that allows users to host live audio interactions in a group environment, which has attracted the attention of more than 380,000 Twitter users. .

In addition to GME and Mother, Solana Mem coins such as Boden and Michi, both of which were collected earlier in the week, saw heavy declines.

Current US President Joe Biden's intentional misspelling of BODEN is down 30% in the last 7 days. The index rose 9% after Hunter Biden, one of Joe Biden's sons, was found guilty on three counts of gun-related charges.

Meanwhile, Michi, which surged 18 percent on Monday after pop star Ariana Grande shared a meme on her Instagram account, has fallen more than 26 percent in the past 7 days.

Solana meme coin heavyweights DogwhipHat (YF), BONK and BookMeme (BOME) are down 26%, 19% and 18% respectively in the last 7 days.

Edited by Stacy Elliott.