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GameStop (GME) Frenzy Spreads Into Crypto Meme Coins, Caution Ahead?
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FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends.
HIGHLIGHTS
GameStop meme coin rallied 4000% in three days against the 200% surge in GameStop stock.
Three investors lose thousands of dollars in $GME after falling to FOMO buying.
Analysts advise caution to investors for investing into meme coins at this stage.
The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE.
#GME #Gamestop #memecoin #PEPE $PEPE $DOGE #GME
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FOMO buying into the GameStop ($GME) meme coin costed three investors thousands of dollars. Analysts advise caution from falling into meme coin trends.
HIGHLIGHTS
GameStop meme coin rallied 4000% in three days against the 200% surge in GameStop stock.
Three investors lose thousands of dollars in $GME after falling to FOMO buying.
Analysts advise caution to investors for investing into meme coins at this stage.
The recent frenzy in GameStop (GME) has spread across the cryptocurrency market, especially in the meme coin sector. As the US CPI numbers came in line with the market expectations, a strong rally ensured across all meme coins, especially the top players such as PEPE.
#GME #Gamestop #memecoin #PEPE $PEPE $DOGE #GME
🏆GameStop (GME) atteint un nouvel ATH, en hausse de 70 % aujourd’hui
💹📈Le jeton GME sur Solana a connu une hausse de prix d'environ 70 % aujourd'hui, après avoir atteint un nouvel AT
⭐️ Qu’est-ce que GameStop ?
GameStop Corp. est un détaillant américain de jeux vidéo, d'électronique grand public et de produits de jeux. La société a son siège à Grapevine, au Texas, et est le plus grand détaillant de jeux vidéo au monde.
GME est un jeton mème dédié au projet, rendant hommage au short squeeze de GameStop en 2021.
⭐️ Keith Gill est un négociant en actions alias Roaring Kitty qui était connu pour le short squeeze de GameStop en 2021. Il semble qu'il soit sur le point de devenir milliardaire alors que les actions de GME continuent de grimper.
⭐️ Le 2 juin, il a annoncé qu'il avait recommencé à négocier les actions GameStop avec 180 millions de dollars. Le trader partageait une position de 115,7 millions de dollars en actions GameStop et 65,7 millions de dollars en options d'achat sur son compte Reddit
⭐️ Comme prévu, sa révélation d’une autre position sur GameStop a déclenché un rallye sur le marché boursier, ce qui a entraîné une légère hausse du cours de l’action GameStop.
⭐️ Selon les derniers rapports, les marchés au jour le jour de Robinhood ont vu GameStop bondir de 19 % en 20 minutes après sa publication sur Reddit, clôturant avec des actions allant jusqu'à 38,8 % en 2024.
#Gamestop #Web3
💹📈Le jeton GME sur Solana a connu une hausse de prix d'environ 70 % aujourd'hui, après avoir atteint un nouvel AT
⭐️ Qu’est-ce que GameStop ?
GameStop Corp. est un détaillant américain de jeux vidéo, d'électronique grand public et de produits de jeux. La société a son siège à Grapevine, au Texas, et est le plus grand détaillant de jeux vidéo au monde.
GME est un jeton mème dédié au projet, rendant hommage au short squeeze de GameStop en 2021.
⭐️ Keith Gill est un négociant en actions alias Roaring Kitty qui était connu pour le short squeeze de GameStop en 2021. Il semble qu'il soit sur le point de devenir milliardaire alors que les actions de GME continuent de grimper.
⭐️ Le 2 juin, il a annoncé qu'il avait recommencé à négocier les actions GameStop avec 180 millions de dollars. Le trader partageait une position de 115,7 millions de dollars en actions GameStop et 65,7 millions de dollars en options d'achat sur son compte Reddit
⭐️ Comme prévu, sa révélation d’une autre position sur GameStop a déclenché un rallye sur le marché boursier, ce qui a entraîné une légère hausse du cours de l’action GameStop.
⭐️ Selon les derniers rapports, les marchés au jour le jour de Robinhood ont vu GameStop bondir de 19 % en 20 minutes après sa publication sur Reddit, clôturant avec des actions allant jusqu'à 38,8 % en 2024.
#Gamestop #Web3
#Write2earn
Meme Tokens Plummet as GameStop Stock Faces Sharp Decline
$DOGE $gme $FLOKI $SHIB #catThemedMeme #Memecoin #Gamestop #TheRoaringKitty
In the past 24 hours, a Solana-based meme token parodying the GameStop (GME) company has dropped by 25%, reflecting broader declines among meme tokens that tend to move in tandem with GameStop.
GameStop Stock Decline
The controversial rally of GameStop (GME) stock experienced a sharp reversal for the second consecutive day on Monday, closing the U.S. trading session down 12% after a dramatic 40% drop on Friday. This downturn impacted several meme tokens that often mimic GME’s movements.
Meme Token Performance
GME stock finished Monday’s trading at $24.89, a significant 62% drop from its two-year high of $61 reached last Thursday. Similarly, the Solana-based meme token GME, which parodies the company, fell 25%, reversing a remarkable 200% rally from the previous week.
Other related tokens, such as Roaring Kitty (KITTY) and various cat-themed tokens that typically follow GME stock, saw average losses of at least 10%, according to CoinGecko data. Dog-themed tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) also pared gains from the last week, falling between 4% and 10%.
Retail Trader Influence
The volatility in GME stock began in late May with the return of retail trader and GME enthusiast Keith Gill, also known as @TheRoaringKitty and "Deep*****Value." Gill played a pivotal role in the 2021 short squeeze rally. Last week, he showcased a $580 million position in GME equity and options, briefly boosting the stock's prices and positioning him for potential billion-dollar exposure.
Market Reaction
However, these gains were quickly wiped out after GameStop announced plans to sell up to 75 million shares, just days after raising $933 million by selling 45 million shares. Additionally, the company reported a drop in quarterly sales, which further dampened investor sentiment.
Meme Tokens Plummet as GameStop Stock Faces Sharp Decline
$DOGE $gme $FLOKI $SHIB #catThemedMeme #Memecoin #Gamestop #TheRoaringKitty
In the past 24 hours, a Solana-based meme token parodying the GameStop (GME) company has dropped by 25%, reflecting broader declines among meme tokens that tend to move in tandem with GameStop.
GameStop Stock Decline
The controversial rally of GameStop (GME) stock experienced a sharp reversal for the second consecutive day on Monday, closing the U.S. trading session down 12% after a dramatic 40% drop on Friday. This downturn impacted several meme tokens that often mimic GME’s movements.
Meme Token Performance
GME stock finished Monday’s trading at $24.89, a significant 62% drop from its two-year high of $61 reached last Thursday. Similarly, the Solana-based meme token GME, which parodies the company, fell 25%, reversing a remarkable 200% rally from the previous week.
Other related tokens, such as Roaring Kitty (KITTY) and various cat-themed tokens that typically follow GME stock, saw average losses of at least 10%, according to CoinGecko data. Dog-themed tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) also pared gains from the last week, falling between 4% and 10%.
Retail Trader Influence
The volatility in GME stock began in late May with the return of retail trader and GME enthusiast Keith Gill, also known as @TheRoaringKitty and "Deep*****Value." Gill played a pivotal role in the 2021 short squeeze rally. Last week, he showcased a $580 million position in GME equity and options, briefly boosting the stock's prices and positioning him for potential billion-dollar exposure.
Market Reaction
However, these gains were quickly wiped out after GameStop announced plans to sell up to 75 million shares, just days after raising $933 million by selling 45 million shares. Additionally, the company reported a drop in quarterly sales, which further dampened investor sentiment.
GameStop Soars 300% as Roaring Kitty Buys Big GME Calls
“Roaring Kitty” came back to social media and shared that he is holding $181.4 million worth of GameStop stock and call options. This news caused the GME stock price to jump 19% overnight.
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The GameStop ($GME) meme coin, which became famous during the short squeeze frenzy of 2021, has seen a huge 300% increase in the last 24 hours. Right now, the GME cryptocurrency is trading at $0.01366, with its market cap nearing $100 million. Additionally, daily trading volume has surged by an impressive 1,000%, surpassing $178 million.
Keith Gill’s Return Sparks GameStop Rally
Keith Gill, known online as “Roaring Kitty,” made his first social media appearance on Sunday evening since the market frenzy last month.
GameStop (NYSE: GME) stock price saw a significant rise of over 19% in overnight trading after Gill posted on Reddit, revealing he is holding $181.4 million worth of GME stock and call options.
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Gill shared a screenshot purportedly showing his purchase of 5 million GME shares for $115.7 million and an investment of $65.7 million in call options, betting that GME would reach at least $20 a share by June 21. The screenshot also indicated that Gill has gained over $9.3 million on his GME holdings while sustaining a nearly $2.5 million loss on his call options.
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Gill’s June 2 Reddit post under his DeepFuckingValue account. Source: Reddit
Following Gill’s Reddit post, GME surged by 19.19% in 20 minutes on Robinhood’s overnight markets, reaching $27.58. GameStop closed at $23.14 on Friday, May 31, and has seen a 38.8% increase in shares this year, seemingly buoyed by Gill’s return, according to Google Finance.
Meme Coin Sector Shines Amid Market Consolidation
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Despite broader market consolidation, the meme coin sector delivered a strong performance during April and May. While top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been consolidating, other players like Pepe Coin (PEPE) and Dogwifhat (WIF) have delivered multi-fold returns in recent weeks.
GameStop (GME) and meme coins continue to fuel a narrative of defying traditional wealth creation principles, offering the tantalizing prospect of turning ordinary investors into instant millionaires. GME and similar stocks are showing significant potential this quarter.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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#GME #Gamestop #Bitcoin #Ethereum #Memecoin $GME $BTC $SOL
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The GameStop ($GME) meme coin, which became famous during the short squeeze frenzy of 2021, has seen a huge 300% increase in the last 24 hours. Right now, the GME cryptocurrency is trading at $0.01366, with its market cap nearing $100 million. Additionally, daily trading volume has surged by an impressive 1,000%, surpassing $178 million.
Keith Gill’s Return Sparks GameStop Rally
Keith Gill, known online as “Roaring Kitty,” made his first social media appearance on Sunday evening since the market frenzy last month.
GameStop (NYSE: GME) stock price saw a significant rise of over 19% in overnight trading after Gill posted on Reddit, revealing he is holding $181.4 million worth of GME stock and call options.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Gill shared a screenshot purportedly showing his purchase of 5 million GME shares for $115.7 million and an investment of $65.7 million in call options, betting that GME would reach at least $20 a share by June 21. The screenshot also indicated that Gill has gained over $9.3 million on his GME holdings while sustaining a nearly $2.5 million loss on his call options.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Gill’s June 2 Reddit post under his DeepFuckingValue account. Source: Reddit
Following Gill’s Reddit post, GME surged by 19.19% in 20 minutes on Robinhood’s overnight markets, reaching $27.58. GameStop closed at $23.14 on Friday, May 31, and has seen a 38.8% increase in shares this year, seemingly buoyed by Gill’s return, according to Google Finance.
Meme Coin Sector Shines Amid Market Consolidation
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Despite broader market consolidation, the meme coin sector delivered a strong performance during April and May. While top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been consolidating, other players like Pepe Coin (PEPE) and Dogwifhat (WIF) have delivered multi-fold returns in recent weeks.
GameStop (GME) and meme coins continue to fuel a narrative of defying traditional wealth creation principles, offering the tantalizing prospect of turning ordinary investors into instant millionaires. GME and similar stocks are showing significant potential this quarter.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
#GME #Gamestop #Bitcoin #Ethereum #Memecoin $GME $BTC $SOL
