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GameStop stock price Monday pre-market trading surges After the return of Roaring Kitty, the bull trader, on Sunday night. And while price momentum has cooled since trading began, the hype has led to a significant surge in the price of the unofficial GME meme coin. Solana.
GME tokens are 150% increase in the last 24 hours alone, the current price has surged to around $0.01 as of this writing. It jumped to $0.016 late Sunday, the highest price in more than two weeks, but has been gradually falling along with GameStop stock.
GME trading volume has surged from around $15 million to around $280 million in 24 hours at the time of this writing, with significant demand supporting the massive price surge. As of this writing, the token’s market capitalization stands at $68 million.
GameStop’s stock price nearly doubled from Friday’s close to Monday’s open, jumping from under $23 to just over $40. The upward trend is driven by the return roaring kittyAKA Keith Gill or Reddit’s DeepFuckingValue. He posted the tweet late Sunday after being off social media for more than two weeks.
It’s an aftershock of sorts after Roaring Kitty first returned in mid-May, nearly three years after disappearing from social media following the 2021 meme stock saga. At the time, his livestreams, tweets, and Reddit posts helped send GameStop’s stock price skyrocketing and led to a short squeeze that cost hedge funds billions of dollars.
His return in mid-May sent GameStop shares and the price of Solana’s GME token significantly higher, but the hype cooled after he disappeared from sight again following a week of tweeted memes and movie clips.
Now he’s back. Tweet Uno’s ‘Reverse Card’ On Sunday, he revealed via Reddit that he holds more than $200 million in GameStop stock and stock options. GameStock stock shorts were set up as follows: About $1 billion lost as of Monday’s openAccording to Unusual Whales, it was caused by massive pre-market price increases.
However, GameStop’s stock price has cooled since the opening bell and is currently down to around $30. It’s up 30% from Friday’s close, but down about 25% from Monday’s high.
Solana’s GME meme coin is down just over 40% from its all-time high set late Sunday, despite a massive 140% gain in the past 24 hours.
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