Which company did Solana-based Memecoin agree with as a market maker?
Solana-based memecoin, inspired by GameStop (GME) shares, will announce its market maker.
GME memecoin, which shares the same code as GameStop but has no direct connection with the company, announced that it will establish a new partnership.
“We are going to the moon!”
According to the statement made by the GME team on social media, the project has identified its strategic partner for market maker transactions.
This is a solid step in the right direction. We are going to the moon!” statement was made.
While GME announced that it would work with a "leading market maker", it did not share details about which company this would be.
Could it be DWF Labs?
Cryptocurrency followers think that the market maker GME has agreed with may be DWF Labs. DWF Labs recently started following GME's social media account.
DWF Labs, which is also an investment company, has impacted more than 400 cryptocurrency projects so far. Last month, DWF Labs denied allegations that the company carried out $300 million worth of wash trading on Binance last year.
The value of Solana's GME token has soared in recent weeks as Keith Gill, also known as Roaring Kitty, returned to social media. According to CoinGecko data, GME price has increased by 275% in the last 14 days. The project has a market value of $99 million.