GameStop-Inspired GME Meme Coin Gains Traction in Crypto Community
- GameStop’s stock price rally on Wall Street has inspired a crypto coin, GME meme coin, which has stirred significant interest in the crypto community.
- This meme coin, a tribute to GameStop’s story, has emerged on the Solana blockchain.
- With a vision of “showing we can stand together against the big guys,” this Solana-based meme coin has seen an astonishing increase of over 350% in just 24 hours.
Explore the rise of the GME meme coin, its support from leading exchanges, and the intriguing cryptographic venture of the GameStop token.
HTX & Bitget Extend Support for GME
According to official announcements by HTX and Bitget, the GME token is ready to be listed on the mentioned platforms following preparations that started today. As per HTX’s official announcement, the listing process for the GME token has begun. Deposit transactions started today at 05:10 UTC, and the GME/USDT spot trading pair will begin trading with an official announcement when it meets market demand. Moreover, withdrawal transactions will be possible from 07:00 UTC on May 15.
Extraordinary Rise of the GME Token
Similarly, according to Bitget’s announcement, while deposit transactions are open, trading began at 09:00 UTC on May 14. The spot trading pair to be listed will again be GME/USDT, and withdrawal transactions will start at 10:00 UTC on May 15. These listings, emerging with the token’s extraordinary rise of 350%, have further increased speculation about potential investment opportunities among investors. As highlighted by a blockchain analysis platform called Arkham, it was recorded that a trader made a $30,000 purchase from the Solana-based GME meme coin just 10 minutes after Keith Gill, also known as ‘Roaring Kitty,’ tweeted.
GameStop (GME) Token Rallies Over 350%
At the time of writing, GME’s price has increased by 370.64% in the last 24 hours and is currently trading at 370.64%. The token’s market value rose by 363.38% to $126.14 million, while the 24-hour volume increased by 350.63% to $202.83 million. Although it should be noted that GameStop crypto or stock was not mentioned in Roaring Kitty’s post on X, the extraordinary chronological alignment of events attracted the interest of the crypto arena.
Conclusion
The phenomenon has sparked significant interest in global cryptocurrency markets. The sight of the trader currently holding GME tokens worth $571,300 is striking. It should also be noted that GameStop’s shares and GME crypto have been on the rise in recent years. This upward trend seems to have ensured that GameStop is attracting similar interest in both traditional stock and cryptocurrency markets.
