“GameStop shares jumped by 19%,” marked the start of the day on the stock market, reflecting on the value of meme coins such as Dogecoin and Floki. The rise in the company’s stock, traded under the NYSE ticker GME, often signals an upcoming surge in pop culture-linked cryptocurrencies.

“We have seen this phenomenon before,” analysts note, observing the connection between GameStop shares and meme coins like DOGE and FLOKI. According to CoinGecko, Floki and dogwifhat rose by 8% after trading began in Asia, and Dogecoin increased its value by 2% in the last four hours.

Mog token developer Shisui, in an interview with CoinDesk, recalled 2021 when “the GameStop mania spilled over to DOGE and other meme coins.” He suggests that if GME shares continue to rise, a similar phenomenon could recur.

“We see that enthusiasm around certain stocks often translates into the cryptocurrency world,” traders confirm, linking interest in meme coins to retail investor behavior on the stock market.