The Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop's stock.
GME, an unofficial Solana memecoin parody of American gaming retailer GameStop, has surpassed $100 million in market capitalizarion amid a trading frenzy of its namesake (but unrelated) entity.
As of May 14, the GME memecoin has returned 2,291% within the past week and trades at $0.01449 at the time of publication. The move was largely fueled by investor interest in shares of GameStop Corp, listed on the New York Stock Exchange, which havd surged 228% in the past five trading days.
In addition, the GME memecoin’s listing on centralized exchanges, such as Bitget and BingX, appears to have propelled buying activity.
