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GTA 6 Leaker Sells Memecoin Before Rockstar's Gameplay Reveal

The creator of a memecoin related to the GTA 6 leak sold his holdings just hours before Rockstar Games announced its first official gameplay footage.

AS1 NewsSource: coindesk.com

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JST$0.1137+1.26%

A memecoin that surged to a $25 million market cap following nine days of leaked Grand Theft Auto VI footage has seen its creator sell his entire stake. The token's rise was driven by the leak, which generated significant online buzz. However, the creator's decision to cash out occurred just hours before Rockstar Games revealed its first official gameplay trailer, marking a notable shift in the token's recent momentum. The event highlights how on-chain activity and social media buzz can influence crypto tokens tied to gaming and leaks. The impact on the token's value following the sale remains uncertain, and no official statements have been made regarding the creator's motivations. This incident underscores the volatility and speculative nature of memecoins linked to gaming leaks and viral content.

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The sale of the memecoin occurred shortly before the official gameplay reveal, illustrating the influence of gaming leaks on crypto tokens.