• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 1, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

These 2 Meme Coins Gained Over 300,000% in Price Last Week, but There’s a Catch

margin707 by margin707
November 21, 2021
in News
Reading Time: 3 mins read
0
11
SHARES
Share on TwitterShare on Facebook

Meme coins continue to dominate crypto markets, as many are seeing incredible price gains even when Bitcoin and Ethereum are struggling. In this article, we present two meme coins that increased by over 300,000% in the past week. Let’s take a closer look at GenshinShibInu and Angry Squid and see what all the hype is about.

GenshinShibInu (GSHIB) $0.000004 +392,742%

As the name suggests, GenshinShibInu is a play on the popular Shiba Inu token. It has seen massive price gains over the past week, while at the same time inviting a lot of FUD.

According to their website:

“Genshin Shiba Inu will be your guardian and tour guide throughout this journey, protect and grow your investment with our advanced AI rebase protocol while earning passive income in $SHIB.”

The AI rebase protocol calculates the most reasonable supply for GSHIB based on current market conditions. When it comes to staking your tokens and receiving rewards in $SHIB, the longer your hold GSHIB the more rewards you get.

Looking on twitter, there have been reports of users complaining that their tokens disappeared from their wallets. Moreover, some report that the number of tokens in their wallets keeps fluctuating.

Unfortunately, I couldn’t find an audit of the GSHIB smart contract, so I would urge investors to do their own research before attempting to purchase GSHIB.

Without a third party audit of the smart contract, the developers can potentially move everyone’s coins in and out of their wallets. Overall, while the price increase is incredible, personally I wouldn’t buy this coin.

Angry Squid (AngrySquid) $0.008 +937,726%

As the name suggests, Angry Squid is inspired by the popular Netflix show Squid Game. According to their official website:

“Its characteristics is to allow you to get enough income outside of life, which is loved by everyone. Angry SQUID has high bonuses and is ready to succeed. Join Angry Squid and get high bonuses!”

Angry Squid doesn’t call itself a meme token, instead the team announced yesterday that they are preparing to develop an NFT collection, followed by a game.

One of the main reasons for Angry Squid’s price hike, is the fact that its bullish momentum got it listed on Coinmarketcap’s top 10 gainers every day this week.

Another reason is traders buying Angry Squid in response to the Squid Game token saga, that ended up scamming traders via a rug pull, leaving Squid holders angry.

At the time of writing AngrySquid’s market cap is at $800,000 with a 24 hour trading volume of $78,000. This suggests that the market is not very active for AngrySquid, which could go both ways.

If the trade volume picks up, AngrySquid can easily 10X in price once again, like it did last week. However, AngrySquid can crash just as easily with such a low amount of liquidity.

What’s more, is going to the twitter profile for Angry Squid that’s linked on Coinmarketcap, we see the official account of Angry Squid has been banned.

angry squid suspended

There’s another account that’s been promoting Angry Squid on twitter, but overall this looks extremely dodgy. Personally, I wouldn’t buy any AngrySquid, it seems like too much of a risk, especially right now.

There have also been reports on twitter claiming that their Angry Squid tokens have disappeared from their wallets. While we couldn’t verify the claims, it’s worth keeping that in mind.

Disclosure: This is not trading or investment advice. Always do your own research before buying any cryptocurrency.

Also Read:

https://thevrsoldier.com/top-15-metaverse-coins-with-a-unit-price-of-under-1/

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

Tags: meme coins
Previous Post

Adventure Gold Price Up 29%, Shows Strong Support at $3

Next Post

These 3 Recently Released Metaverse Coins Gained Over $100 Million Market Cap in Under 24 Hours

Related Posts

Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025
Bitcoin Shakes as Trump Talks Tariffs Again
Featured

Bitcoin Shakes as Trump Talks Tariffs Again

May 27, 2025

Press Releases

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

by Alex Mercer
May 25, 2025

Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI)...

Read more
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
Trump Meme Coins Spark Calls for Treasury Review

Trump Meme Coins Spark for Treasury Review

May 15, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier