The meme stock buzz only grew overnight, with GameStop (GME) shares opening the day at The unofficial GME, which was launched on Solana back in January, spiked to an It’s down since then to a current price of $0.013 per data from The unofficial GameStop token—which has no known affiliation to the retailer—saw a massive spike in price from late Sunday into early Monday, The GME meme coin on Solana had been Keith Gill, aka But Roaring Kitty’s support helped trigger a wave of interest in GME and other “meme stocks” such as movie theater chain AMC, prompting surging prices in January 2021—and causing chaos on Wall Street in the process. Gill even testified in front of Congress on the matter, but then disappeared from social media a few months later.That is, until Sunday. A pic.twitter.com/YgjVqtgcNS— Roaring Kitty (@TheRoaringKitty) May 13, 2024GameStop shares are up 166% over the last five days at a price of $42.85, while AMC’s five-day jump sits at 104% with a current price of $6.42.The broader meme stock and coin revival is also triggering a surge in copycat efforts, with numerous Pump.fun, a platform that lets users cheaply and easily launch new tokens on Solana, saw a record number of new tokens deployed on Monday with more than 19,200 launched during the day. Meme coins, which are typically inspired by internet memes or pop culture figures and companies, are famously volatile and can DisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
