According to @cookiedotfun, Cookie DAO has officially announced the launch of 'Gmookie,' a new meme coin designed to boost community engagement and liquidity within the decentralized finance (DeFi) sector. The introduction of Gmookie is expected to drive increased trading activity on decentralized exchanges and attract retail traders looking for high-volatility opportunities. Early on-chain data indicates notable wallet activity, suggesting rising trader interest in the Gmookie token (Source: @cookiedotfun, May 6, 2025). Market participants should monitor trading volumes and price trends closely, as meme coin launches historically create short-term volatility and impact broader crypto market sentiment.