The Solana-based meme coin GameStop (GME) skyrocketed 97% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko.
The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC).
BREAKING: Roaring Kitty of GameStop, $GME, has scheduled a Live Stream – June 7, 2024 pic.twitter.com/nTgySlve5I
— unusual_whales (@unusual_whales) June 6, 2024
For the past seven days, GME growth has surpassed 395%, eclipsing the performances of all the Solana meme coins listed on CoinGecko.
Keith Gill, RoaringKitty’s real identity, is one of the main figures behind the GameStop stock price leap in 2020.
The livestream notification also prompted a daily growth of 47.5% on GME stock, now priced at $46.55 each. As a result, Gill’s position in GME stocks is now worth over $586 million.
Keith Gill Posting His GME Stock Position On Reddit
The token Roaring Kitty (KITTY) showed an even more impressive performance, with a 196% daily gain.
Deep F*cking Value (DFV), a token inspired by Gill’s other known alias, also displayed a three-digit rise by soaring 163% in the same period.
Even the token AMC, which references another stock related to Gill’s pump efforts back in 2020, benefited from the livestream scheduling and has risen 109% at the time of writing.
Notably, the recent price leaps on GME-related tokens based on Solana raised the total market cap of meme coins deployed on this blockchain to nearly $10 billion, surpassing the investment portfolios of firms such as OKX Ventures and Sequoia Capital.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.