‘GameStop’ Meme Coin On Solana Pumps 330%
GameStop’s “meme stock” resurgence is over, but a new meme coin called GameStop (GME) is gaining popularity.
The GME token, minted on Solana, has seen a 330% increase in the last 24 hours, reaching a current price above $0.0039.
With $22 million of trading volume, the token’s market cap is nearly $29 million. Popular meme coins are often based on internet trends, prominent people, and world events, but some buck the trend and persist over time.
Dog-themed coins like Dogecoin, Ethereum’s Shiba Inu, and Solana’s BONK have seen price jumps long after their initial spotlight. The GME token on Solana has nothing to do with GameStop, a publicly traded company, and comes at a precarious time for the firm, which had been one of the most crypto-friendly retailers.
(With inputs from Shikha Singh)
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