Solana (CRYPTO: SOL) memecoin Anita Max Wynn (CRYPTO: WYNN) bounced back with a 70% price increase in past 24 hours.

What Happened: On Jan. 17, cryptocurrency exchange Poloniex announced the listing of celebrity-endorsed Solana memecoin, Anita Max Wynn, which has a total supply of 1 billion tokens.

The involvement of Drake’s partner Stake.com, a gambling site, was the latest development around the rapper's casual joke, as reported by U.Today.

Stake.com took to X to state it would inquire about Drake mentioning Wynn at a December concert. After Drake's announcement, which said "I’m on it," Wynn prices dropped for a brief period before rallying.

Read Next: WYNN Vs. Dogecoin Vs. Shiba Inu: Can Drake's Coin Beat The Dogecoin Superstars?

Why It Matters: Wynn surged 70.5% over the past 24 hours on $7.7 million in trading volume. In comparison, dogwifhat (CRYPTO: WIF) saw a 5.1% gain in the same period. Established memecoins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw gains of around 1% in the past 24 hours.

Social media is, once again, buzzing with excitement.

One X user stated, “You’re simply not ready for what’s coming on $WYNN”

Another X user simply said, “ANITA MAX $WYNN. That’s the tweet”

Crypto analyst, CEO of Labs Ecosystem, MrEdu.Sol tweeted:

ANITA MAX $WYNN

Holding the 40M very well, we will soon see the price take off for high areas of 100M.@Drake All eyes on $WYNN@AMWToken 🎒 pic.twitter.com/1k0yeUYI4Z

— MrEdu.Sol (@MrEdu_Sol) January 19, 2024

Photo: Shutterstock