GameStop stock price The stock surged in premarket trading on Monday. The hype has sent the price of the unofficial GME meme coin soaring, though price momentum has cooled since the open following the return of bullish trader Roaring Kitty on Sunday night. Solana.
GME tokens A 150% increase in the last 24 hours aloneto its current price of about $0.01 at the time of writing. It surged to $0.016 late Sunday, its highest price in more than two weeks, but has been gradually declining along with GameStop shares.
GME trading volume has surged from around $15 million in 24 hours to around $280 million at the time of writing, with heavy demand fuelling the price surge. As of press time, the token has a market capitalization of $68 million.
GameStop shares nearly doubled from Friday’s close to Monday’s open, soaring from under $23 to more than $40. Barking Kittyaka Keith Gill, or DeepFuckingValue on Reddit, tweeted the following late Sunday after disappearing from social media for more than two weeks:
This is the kind of aftermath of Roaring Kitty’s initial return in mid-May, nearly three years after disappearing from social media following the meme stock fiasco of 2021. At the time, his livestreams, tweets and Reddit posts helped fuel a massive rally in GameStop’s stock price and also led to a short squeeze that cost hedge funds billions of dollars.
His return in mid-May led to a big surge in the price of GameStop shares and a boost for Solana’s GME token, but the enthusiasm cooled when he disappeared again after a week of tweeting memes and movie clips.
Now he’s back again, Tweet the “reverse card” of Uno On Sunday, he revealed on Reddit that he holds more than $200 million in GameStop stock and stock options. It lost nearly $1 billion at the start of trading on Monday.Unusual Whales says this is due to a significant increase in pre-market prices.
But GameStop shares have cooled since trading began and are now trading at around $30 a share — up 30% from Friday’s closing price but down about 25% from Monday’s peak.
Solana’s GME meme coin is currently down just over 40% from the all-time high it hit late Sunday, despite a massive 140% rally in the past 24 hours.
