That’s all about it GameStop Meme Stock Revival— and the related rise in meme coins.
GameStop’s recent stock price rally has all but disappeared, and Solana’s unofficial GameStop tribute coin has fallen as well. New all-time high this week. GME token has Price fell to $0.0067It is down 69% from the new peak set on Wednesday, according to CoinGecko data.
Solana’s GME, which has no formal partnership with a video game retailer, has remained flat in the weeks since its launch in January. temporary increase in momentum In early February. Trading volume in the past 24 hours has fallen to about $65 million, about a third of this week’s peak and consistent with the decline in prices.
Still, the GME token is still up a hefty 1,080% over the past week. This is better than the actual GameStop stock price, which is only up about 17% from last Friday’s market close. According to the data below, GME stock is currently priced at $20.50, down 68% from Tuesday’s high. Google Finance.
GameStop stock soared on Monday following an apparent recovery. Roaring Kitty, aka Keith Gill, the GME enthusiast who helped spark the 2021 meme stock boom. Other so-called meme stocks, including movie theater chain AMC, also soared this week, along with the meme cryptocurrency.
However, the buzz didn’t last long. That’s probably partly because Roaring Kitty hasn’t really achieved much since then. The trader’s Twitter account continues to share memes and edited movie clip This alludes to his previous antics and financial system, but he hasn’t brought back his livestreams or resumed his bullish posts on Reddit.
Is the meme stock rally over already, or does GME still have some value left?
The views and opinions expressed by the authors are for informational purposes only and do not constitute financial, investment, or other advice.
