An unofficial GameStop-themed meme coin on Solana keeps pumping, more than doubling over the last 24 hours as traders attempt to recreate some of the “meme stock” magic associated with the major video game retailer.

GME, which was minted just days ago, has climbed to a price of $0.0087 as of this writing, per data from GeckoTerminal. While not a sizable price per token, the GameStop tribute coin has notched a 105% increase over the past day. It now has a market cap of nearly $59 million, with about $20 million in trading volume over the last day.

GameStop has not yet replied to Decrypt’s request for comment, but the “GameStop” token is undoubtedly not officially tied to the company. But that’s common for meme coins.

Meme coins are often inspired by public figures, brands, and news events, borrowing a familiar name in an effort to lure in more traders to buy into the crypto token. Numerous meme tokens—such as Dogecoin, Go to Source to See Full Article
Author: Andrew Hayward

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details