Memecoin rallies over 300% driven by GameStop (GME) on Solana network

Breaking the silence after three long years, the legendary stock market guru known as Roaring Kitty emerged on the X platform with a bang on Monday.

This influential figure, who sparked a frenzy among traders by orchestrating the epic short-squeeze of GameStop Corp. Cl A (NYSE: GME) in 2021, has finally returned to the spotlight. And boy, did he make an impact. GME stock surged by a staggering 100 percent, sending shockwaves through the market before succumbing to a larger downtrend.

The stock market was set ablaze on Monday as the influential X made their highly anticipated return. Their post ignited a frenzy of bullish activity, sending GME shares soaring by a staggering 100 percent in just 24 hours. The latest market data shows GME trading at an impressive $36.9 before trading was abruptly halted.

The Rise of GameStop-Inspired Meme Coins

The GameStop stock may be temporarily on hold, but the Solana (SOl) developers behind the viral GME meme coin are causing a stir. In just 24 hours, this coin has surged over 300%, reaching a trading value of $0.0126 during the London session.

The mighty GME meme coin is causing a frenzy in the market, with its bullish sentiment and immense popularity. Its daily trading volume is soaring, surpassing its own market cap and indicating a surge in demand.

According to data from the renowned Coinmarketcap, backed by Binance, this small-cap coin boasts a whopping fully diluted valuation of $87 million and a staggering 24-hour trading volume of $176 million.

Exclusive: Bitcoin makes a big rise after Thursday decline

Bitcoin rose to 18,000 today before options expire, Is a Bull rally coming?

Bitcoin crosses $63,000, mining difficulty drops by 5% – fastest in 16 months

Similar Trend

The GameStock craze has sparked a frenzy in the world of cryptocurrency, igniting the creation of meme coins on various platforms, notably the Base network backed by Coinbase Global.

According to Coingecko’s market data, GME’s value on the Base network has skyrocketed by a whopping 500 percent in just one week, now trading at a staggering $0.0379 as of Tuesday.

Leave a Comment