The Grand Theft Auto 6 (GTA 6) craze is spreading, leading to a series of meme coins inspired by this iconic game appearing on the Solana blockchain.
GTA Meme Coin Causes a Frenzy But Collapses Quickly
In just the past day, tokens like GTA 6 Coin and GTA Guy quickly reached a market capitalization of over 1 million dollars. However, true to the risky nature of meme coins, they have lost more than 90% of their value, now only worth 69,000 USD and 12,000 USD.
Not only these two tokens, dozens of other meme coins themed #GTA have been launched on Pump.fun, the famous token creation platform of Solana. When searching for the keywords 'GTA' or 'Grand Theft Auto' on the token tracking tool #dexscreener , you will see countless tokens with values nearly equal to zero spread across Solana, Ethereum, and Arbitrum, some of which even appeared last year.
Does GTA 6 Really Support Crypto?
Since 2021, rumors about GTA 6 integrating crypto rewards have spread widely, especially $BTC and $ETH . However, to date, Rockstar Games and Take-Two Interactive have not confirmed any links between GTA 6 and cryptocurrency.
In fact, Rockstar has previously opposed the use of crypto in GTA 5. In 2022, the company banned fan mod servers from using NFTs and crypto to grant ownership of in-game items.
Will the GTA Meme Coin Craze Continue?
GTA 6 is one of the most anticipated games of all time, with projected revenue of billions of dollars in its first year. The official trailer was released in 2023, and the game is expected to be launched later this year.
Although there has been no confirmation that GTA 6 will support crypto, the frenzy continues, and GTA-themed meme coins may continue to emerge, presenting opportunities – but also full of risks – for investors.