GameStop Meme Coin on Solana Down 69% as GME Frenzy Fades

GameStop Meme Coin on Solana Down 69% as GME Frenzy Fades

So much for the With GameStop’s recent share price gains all but evaporated, an unofficial GameStop tribute coin on Solana is similarly down after GME on Solana, which has no official affiliation with the video game retailer, had been trading flat for weeks after launching in January and seeing Even so, the GME token is still up a massive 1,080% over the past week. That’s better than the actual GameStop stock price, which is only up about 17% from last Friday’s markets close. At a current price of $20.50, GME shares are down 68% since the Tuesday peak, per data from GameStop’s share price spiked on Monday following the apparent return of But the buzz didn’t last, perhaps in part because Roaring Kitty hasn’t actually done much of substance since. The trader’s Twitter account continues sharing memes and Is it game over for the meme stock surge already—or does GME have another run left in it?DisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.