đ„đ„The Much-Awaited Broadcast is Over, Meme Coin Prices Have Been Halved đ„đ„
Meme coins, which have tripled in value in the last few days, have lost up to 50% of their value.
Roaring Kitty, the famous investor of 2021, appeared on live broadcast for the first time in three years.
Meme coins are in decline
Many meme coins inspired by the GameStop craze lost up to 50% in value.
Keith Gill (Roaring Kitty), who led the rise of GameStop and AMC shares during the pandemic period, announced his GameStop positions during his 45-minute broadcast. More than 600 thousand people watched the broadcast.
According to CoinGecko data, meme coins GME and ROAR lost 24% and 31% of their value, respectively, when the broadcast ended, compared to their prices before the broadcast started. However, these coins had increased threefold the day before.
None of these meme coins are officially affiliated with Roaring Kitty. Although Solana-based GME has the same code as GameStop (GME), it has no ties to the company.
GameStop shares traded on the New York Stock Exchange (NYSE) lost 40% of their value.
Some commentators claim that Keith Gill is manipulating the market. According to WSJ, E*Trade is considering banning Roaring Kitty from using the platform on the grounds that he is manipulating the market.
Throughout the day, there was a 3.5% shrinkage in the general cryptocurrency market as well as meme coins.
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