The Solana-based token of GameStop (GME) has been listed on the Bitget crypto-exchange. Meanwhile, in the last 24 hours, the memecoin has recorded a price pump of +400%.
GameStop (GME): the crypto-exchange Bitget lists the Solana-based token
The GameStop (GME) memecoin is back in fashion, the Solana-based token, to the point that even the crypto-exchange Bitget has announced that it has listed it.
New Listing – $GME @gmecoinsol
#Bitget will list GME/USDT in Innovation, Solana and Meme Zone. #GMElistBitget
Deposit: openedTrading starts: May 14, 9:00 AM (UTC)
More details: https://t.co/f5RfaJJ8jC pic.twitter.com/nzyUkmbvDp
— Bitget (@bitgetglobal) May 14, 2024
“New listing – $GME @gmecoinsol. Bitget will quote GME/USDT in Innovation, Solana, and Meme Zone. #GMElistBitget. Deposit: open. Trading starts: May 14th, 9:00 AM (UTC)”
According to Bitget, GME on SOL represents a movement that shows the strength of the digital community and the potential of underdogs.
Not only that, the inclusion of GME in Bitget’s list helps users participate in the early stages of launching low-cap trending tokens.
Recently, Bitget’s Innovation Zone has listed tokens based on Solana such as Samoyedcoin (SAMO), JITO (JTO), Cat in a Dogs World (MEW) and TEH EPIK DUCK (EPIK).
GameStop (GME): the Solana-based token records a price pump of +400% in the last 24 hours
Looking at the price chart, today GameStop (GME), the Solana-based memecoin, has just recorded a +400% pump in the last 24 hours.
At the time of writing, GME is worth $0.016, compared to $0.003 yesterday and $0.0006 the day before. In fact, this is a price pump of 2220% in two days.
Not only that, in the last 24 hours, the trading volume of GME has increased by +351%, with the total market cap increasing by 331%, reaching $112 million.
This price surge of the memecoin inspired by the video game giant seems to have awakened in conjunction with the latest news regarding Roaring Kitty.
And indeed, just yesterday, the man who led the ‘meme stock mania’ of 2021, returned after 3 years with a post on X (formerly Twitter), also causing GameStop’s shares to soar by +74.4%, after a surge of 110%.
Basically, Roaring Kitty had managed, together with other retail investors gathered on a Reddit forum, WallStreetBets, to make mass decisions, shaking the stock market.
And indeed, in 2021, the hedge funds that were short selling GME stocks found themselves facing a mass purchase of stocks by retail investors. This short squeeze led the hedge funds of the time to lose billions of dollars with their sales.
A new Solana-based memecoin SOLBET, inspired by WallStreetBets
Meanwhile, there also seems to be a new Solana-based project that is attracting investors. The memecoin SOL Street Bets (SOLBET), an evolution of WallStreetBets, the popular retail trading community that gained notoriety during the meme stock craze of 2021.
According to DexScreener, the project has recorded a trading volume of 26.1 million dollars with over 13,000 buyers.
Meme coins, like Bonk (BONK) and dogwifhat (WIF), have been among the best performing cryptocurrencies of the past year. SOL Street Bets (SOLBET) is another project based on SOL that seems to be causing a stir in the community.