Keith Gill's GME Options Boost Meme Coins
CryptoNewsTerminal Staff03 Jun, 2024
Keith Gill's GME Options Boost Meme Coins
Keith Gill, the popular investor whose 2021 GameStop (ticker: GME) trade went viral, has reignited interest in GME and meme coins. His recent Reddit post disclosing his GME options positions has sparked a surge in prices. TOSHI, MOG, KEYCAT, and WEN have jumped as much as 37% in the past 24 hours, while the Solana-based meme token GME has surged by over 200%. Gill holds about $63 million worth of GME call options expiring on June 21 and $116 million worth of GME shares. This renewed interest highlights the continued influence of retail investors in the meme stock and cryptocurrency markets.
