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Forget GameStop Stock, Here Is GameStop Meme Coin (GME) And It's Worth Millions
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Forget GameStop Stock, Here Is GameStop Meme Coin (GME) And It’s Worth Millions

  • Earlier this month, GameStop exited the NFT space after shutting down its marketplace, however, a new GameStop-themed meme coin (GME) has been  launched on Solana and guess what? It surged over $14M in market cap within 24 hours.

Recent Solana memecoins like Dogwifhat and Myro have seen astronomical gains over short periods, which GameStop aims to replicate.

A GameStop meme coin on Solana SOL/USD, using the same $GME ticker, is trying to repeat the feat, running up to over $14 million in market capitalization within the first 24 hours.

Cryptocurrency connoisseurs know meme coins move like greased pigs – millions or zero, often within hours, rarely something in between.

A Solana-based Gamestop meme coin catapulted to a peak market capitalization of over $14 million within 24 hours of its launch.

See Also: GameStop Exits The NFT Space After Shutting Down Its Marketplace

On its website under the domain wallstsucks.lol, the meme coin bills itself with the slogan “Wall St. Can’t Stop It Now” and makes the direct connection that “$GME on Solana is a tribute to the GameStop saga.”

The token exploded after its launch but lost over 85% of its value after its X (former Twitter) profile was banned. It has since recovered to a market cap of around $6.5 million and secured a listing on the centralized cryptocurrency exchange Poloniex.

The $GME meme coin follows the recent trend of fast-moving Solana memecoins surging to astronomical valuations in no time:

  • Dogwifhat peaking at almost $500 million in market cap in under three months.
  • Myro peaking at over $200 million in market cap in the same timeframe.
  • Drake-backed Anita Max Wynn surging to over $50 million within a week.

These tokens have yet to achieve the most bullish price targets and flipping “bluechip meme coins” Dogecoin DOGE/USD and Shiba Inu SHIB/USD in market cap.

Whether the GameStop token has the same staying power as its dog-themed companions remains to be seen. 

Opinions on social media range from “These new Solana Memecoins dump as fast as they pump” to “#Solana meme coins are still THE s**t right now.”

The truth is, we have yet to find the next “Dogecoin killer.” Hope you all remember the GameStop “meme stock frenzy” of 2021?

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.