GameStop Coin Is Up 100%, Fans Dub It 'The Most Legendary Meme Coin In History'
Portfolio Pulse from Khyathi Dalal
The GameStop-inspired meme coin (GME) surged 150% in two days, with trading volumes hitting $14.4 million. This rally is attributed to a report predicting GameStop's positive Q4 2023 earnings and early profitability. Meanwhile, GameStop's stock (NYSE:GME) increased by 3.7%. Other meme coins on Solana, such as Dogwifhat and Bonk, experienced declines. The surge in GME coin's value has sparked discussions in the crypto community, with significant attention from crypto whales and speculation about its future potential.
February 06, 2024 | 9:29 pm
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POSITIVE IMPACT
GameStop's stock rose 3.7% following a report predicting positive Q4 2023 earnings and early profitability, alongside a significant surge in the GameStop-inspired meme coin.
The increase in GameStop's stock price is directly linked to the positive earnings forecast and the surge in the GameStop-inspired meme coin, indicating investor optimism and potential profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100