From Nasdaq MarketSite:

In 2021, retail investors took on hedge funds and short sellers in an epic battle against GameStop Corporation, resulting in a short squeeze. Fast-forward to 2024, a memecoin based on GameStop, called GME Coin, has gained interest. The memecoin movement promises to avoid market manipulation and restrictions seen in the GameStop stock short squeeze.

Coinciding with the launch of GME Coin, a movie based on the GameStop events, called “Dumb Money,” was released, grossing $13.9 million. Recently added on Netflix, the movie became the eighth most-watched English-language film during its first week.

GME Coin hit a market capitalization of $56 million, with $57 million in trading volume, ranking among the top 100 coins by volume. Some analysts predict it could surpass GameStop the company’s market capitalization of $4.3 billion, potentially ranking as the 21st largest crypto.

As of now, GME Coin trades at $0.007481, with an all-time high of $0.01196, showing potential for further growth. This showcases the continued momentum of memecoins on Solana, with significant valuation and trading volume.



Read more: GameStop Meme Coin Soars In Value, Gains Interest: How Netflix, Short Squeeze Anniversary Timing Played Out Perfectly