GameStop’s The revival of ‘meme stocks’ That’s mostly the past now, but now there’s a new GME surging. This is a meme coin that has no actual connection to any gaming retailer.
GameStop (GME) tokens are issued. Solana, which has seen demand surge and prices rise since its publication on Saturday. GME is up over 330% in the last 24 hours and is currently priced above $0.0039. gecko terminal, with a trading volume of approximately $22 million during the period. As of this writing, the token’s market capitalization is nearly $29 million.
Popular meme coins are often based on internet trends, prominent figures, and world events, and are typically distributed to capitalize on these. These tokens typically do not last long in the spotlight, as seen with later-based coins. Berkshire Hathaway Vice Chairman Charlie Munger and before Henry Kissinger, U.S. Secretary of State Late last year.
However, some meme coins buck the trend and persist for long periods of time. For example, here are some dog-themed coins: Dogecoin, Ethereum‘S shiba inuAnd Solana’s Bonk Long after it first hit the spotlight, it continued and saw its prices skyrocket.
Solana’s GME token undoubtedly has nothing to do with GameStop, a publicly traded company, considering its launch and trading location. And these were precarious times for the company, which was one of the most cryptocurrency-friendly retailers.
decryption We’ve reached out to GameStop and will update this article if we hear back.
Earlier this month, GameStop quietly announced: NFT Marketplace Closed Following last Friday, this Friday, February 2nd Close your own cryptocurrency wallet. In both cases, retailers cited “regulatory uncertainty” in the cryptocurrency industry. GameStop launched its platform in 2022 with a focus on gaming assets and other digital collectibles.