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Memecoin 'GME' Soared 150%
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The GME memecoin could see a significant correction, similar to the dramatic drop Dogecoin experienced after Elon Musk's appearance on SNL
The Solana-based GME coin (GME), a memecoin that pays homage to the 2021 GameStop short squeeze and not to be confused with GME stock, has surged over 150% in the past 24 hours to reach $0.029 on the 7th of June.
Interestingly, the price exploded after Keith Gill aka Roaring Kitty announced his return to YouTube on June 7 after a three-year hiatus.
The memecoin GME soars 750% in one week💎💎💎💎
Gill was a central figure in the original 2021 GameStop short squeeze saga, and his recent online activity has reignited interest in GameStop-related investments. For example, GME cryptocurrency prices have risen more than 730% since June 2, when Gill revealed that he has started trading the shares of the original video game retailer GameStop again.
The stock has also risen in value after Gill's revelation, rising more than 110% since June 2.
Gill's YouTube announcement lacked specific details about the topics of discussion or whether he plans to disclose new investment positions. However, he has ignited widespread speculation about his optimism about GameStop stock.
