Meme coins surge as SEC lawsuits hit Coinbase and Binance

Meme coins inspired by Gary Gensler and the SEC have surged in value after the regulator sued Coinbase and Binance. Good Gensler (GENSLR) rose over 260% following the SEC's complaint against Coinbase. Another meme coin called Fuck Gary Gensler (FKGARY) saw a 530% rally. The SEC-themed token (SEC) experienced extreme volatility, skyrocketing 15,530% initially but has since fallen over 61% from its all-time high. Meme coins gained popularity in May but have since suffered significant price drops. These tokens are high-risk investments due to their lack of underlying fundamentals and susceptibility to extreme price swings.