Several memecoins inspired by the SEC and its chair, Gary Gensler, have surged in value following the regulator’s lawsuits against Coinbase and Binance. Good Gensler (GENSLR) rallied over 260% after the SEC’s complaint against Coinbase for allegedly offering unregistered securities. Another memecoin, Fuck Gary Gensler (FKGARY), also saw a 530% increase in value. However, the SEC-themed memecoin, launched on June 5, saw a 61% drop from its all-time high. Memecoins are considered high-risk investments due to their lack of underlying fundamentals and extreme volatility.
