🏆GameStop (GME) Hits a New ATH, Up 70% Today

💹📈GME token on Solana saw a ~70% price increase today, after hitting a new AT

⭐️ What is GameStop?

GameStop Corp. is an American retailer of video games, consumer electronics and gaming products. The company is headquartered in Grapevine, Texas, and is the world's largest video game retailer.

GME is a meme token dedicated to the project, paying homage to the GameStop short squeeze in 2021.

⭐️ Keith Gill is a stock trader aka Roaring Kitty who was known for the GameStop short squeeze in 2021. It appears he is on the verge of becoming a billionaire as GME shares continue to climb.

⭐️ On June 2, he announced that he had started trading GameStop shares again with $180 million. The trader shared a $115.7 million position in GameStop stock and $65.7 million in call options on his Reddit account

⭐️ As expected, his revelation of another position in GameStop sparked a rally in the stock market, which caused the GameStop stock price to rise slightly.

⭐️ According to the latest reports, Robinhood overnight markets saw GameStop jump 19% in 20 minutes after it was posted on Reddit, closing with shares up 38.8% in 2024.

#Gamestop #Web3