GameStop Effect Worked on Meme Coins: A 7-fold Increase Was Seen!
Wall Street hero TheRoaringKitty's $180 million Reddit post sent meme coins soaring.
TheRoaringKitty shared her $180 million GameStop (GME) position on Reddit on June 3. The post in question stated that he held GME shares and call options worth $181.4 million.
This sharing first caused the meme coin named GME and then other meme coins to rise significantly. After this post, meme coim GME, which imitates GameStop, experienced a 300% increase in a short time. With the 300% increase, the GME price climbed from $ 0.0039 to $ 0.016.
According to CoinGecko data, Toshi (TOSHI), Mog (MOG), Keycat (KEYCAT) and Wen (WEN) have increased by up to 37% in the last 24 hours. In particular, the linked meme coins named ROAR and KITTY managed to stand out, rising by 660% and 476%, respectively.
TheRoaringKitty was one of the names that started a financial resistance through GME shares in 2021 and caused a huge impact by causing a huge short squeeze movement.
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