GameStop Stock Plunges But GME Meme Coin Surges

IconCryptoNewsTerminal Staff17 May, 2024

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GameStop Stock Plunges But GME Meme Coin Surges

Despite a recent decline in GameStop stock (ticker: GME), GameStop-themed meme coins have experienced a surge in value, according to The Block. On Tuesday, GameStop shares closed with a significant loss of 19.73%, dropping to $22.21. In contrast, the GameStop-themed meme coins, GME and Roaring Kitty, have displayed remarkable gains over the past 24 hours, climbing by 10% and 42%, respectively. GameStop's stock has been characterized by extreme volatility, including previous surges of over 100%.