Can Drake’s Coin Beat The Dogecoin Superstars? By Benzinga

Benzinga – In the ever-evolving world of cryptocurrencies, the influence of celebrities can be a game-changer. WYNN (CRYPTO: WYNN), a meme coin, saw a significant surge in mentions and popularity, reportedly with the help of renowned artist Drake.

A Sudden Rise In The Crypto World: According to social media buzz, WYNN experienced a remarkable increase in mentions over the past 24 hours, becoming the most talked-about token after giants such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The token booked 500% gains, surging from a market capitalization of under $1 million to over $5 million in only two days.

It also registered 27 daily and 47 weekly mentions, indicating a sudden spike in interest among the crypto community.

On Jan. 12, a crypto influencer sent a tweet noticing WYNN’s rapid ascent alongside a Drake-related meme.

This seemingly casual spark ignited a digital bonfire, catapulting WYNN to the top of the sentiment leaderboard within 24 hours.

Is This the Start Of A New Meme Coin Era? The surge in WYNN’s popularity raises the question: Are we witnessing the beginning of a new meme coin season? Meme coins, often driven by social media hype and celebrity endorsements, have seen varying degrees of success and volatility in the past.

The involvement of a high-profile figure such as Drake can add to a token’s visibility and appeal.

Whether this will challenge meme coin OGs like Dogecoin (CRYPTO: DOGE) or Shiba Inu (CRYPTO: SHIB) remains to be seen. Even on Solana, WYNN competes with popular coins such as Bonk (CRYPTO: BONK) and Myro, the latest meme coin star.

But several prominent social media accounts, including Traderpow, Poe_Ether, realdogen and CryptoTalkMan have discussed and promoted WYNN.

Their influence in the crypto space has likely contributed to the token’s rapid rise in mentions and interest.

Read Also: Bitcoin ETFs Roar Onto Wall Street On Day 1, But Questions Linger About New Mone

A Trend To Watch: The sudden popularity of WYNN, potentially boosted by Drake’s indirect endorsement, highlighted the significant impact of celebrity influence in the cryptocurrency market.

WYNN may or may not be a new meme coin star, but it will probably not be the last meme coin endorsed by a star.

Read Next: Bitcoin Hangover After ETF Party: Were Bulls Blinded By Hype?

Photos: Dogecoin, Unsplash; Drake and Shiba Inu Shutterstock

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