|

PEPE price along with gaming crypto tokens rally as GTA 6 trailer leak leads to early release

  • PEPE price rose by over 4% in the past hour, adding to the 15% increase in the last 24 hours.
  • Gaming tokens such as Axie Infinity, Gala, and The Sandbox have rallied by more than 2% since the trailer's release.
  • Rockstar unveiled the highly anticipated GTA 6 trailer following its leak online.

One of the greatest moments in gaming history came early as the trailer for Grand Theft Auto (GTA) 6 was leaked on Monday, triggering a not-so-surprising rise in PEPE price. Meme tokens, along with gaming tokens, were expected to rise in response to the trailer reveal event owing to their pop culture influence.

PEPE price rises as GTA 6 trailer gets leaked online

PEPE price, at the time of writing, could be seen trading at $0.000001403, rising by a little under 5% in the past hour. Adding to the previous 24 hours' 15% rise, the increase was caused by the sudden reveal of the trailer of the video game GTA 6.

PEPE/USD 1-day chart

PEPE/USD 1-day chart

A couple of other meme coins, such as Memecoin (MEME) and Bonk (BONK), also noted increases ranging from 3% - to 4% in the same duration. However, meme coins were not alone, as the main entities were the gaming tokens Axie Infinity (AXS), Gala (GALA), and The Sandbox (SAND).

These assets, while they did not notice stellar increases, did manage to rise by over 2% in the past hour and are expected to continue painting green on the charts owing to the trailer release event.

While this surge was initially expected on Tuesday, December 5, the initial release date of the video game's trailer, it came early as the video was leaked online a day earlier. Developer Rockstar Games confirmed the same and officially revealed the trailer not long after.

Author

Aaryamann Shrivastava

Aaryamann Shrivastava is a Cryptocurrency journalist and market analyst with over 1,000 articles under his name. Graduated with an Honours in Journalism, he has been part of the crypto industry for more than a year now.

More from Aaryamann Shrivastava
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.