In an extraordinary turn of events, the GameStop (GME) cryptocurrency has captivated the crypto world, generating immense interest and excitement. Meanwhile, GameStop’s (NYSE: GME) stock has mirrored this frenzy on Wall Street, leading to a significant price rise. The GME meme coin, created on the Solana blockchain, serves as an homage to the GameStop incident. Its mission statement proudly declares its intent to “show we can stand up to the big guys together.” Remarkably, this Solana-based joke cryptocurrency has gained attention with an incredible rise of over 350% in just one day. Furthermore, support from multiple well-known exchanges notably fueled its surge, greatly amplifying its visibility.
Let’s explore these exchanges in more detail, examining their roles in this meteoric rise. Additionally, we will delve into the fascinating cryptography project of the GameStop token, uncovering its technical intricacies. These elements collectively underscore the dynamic interplay between traditional finance and modern digital assets. Thus, the GameStop phenomenon continues to illustrate the power of collective action within the financial landscape. As a result, both investors and enthusiasts are eagerly watching to see what comes next.
Bitget & HTX Expand GME Support
The official comments released by the CEXs Bitget and HTX indicate that the GME token is ready to list on the previously stated platforms and that the listing process has already begun.
According to HTX’s official announcement, the GME token listing procedure has commenced. Deposits opened today at 05:10 UTC. A formal statement will be issued beforehand, and the spot trading pair GME/USDT will start trading as soon as the deposit volume satisfies market demand. Withdrawals for the same will be accepted beginning at 7:00 UTC on May 15.
As per Bitget’s announcement, deposits were accepted, and trading started on May 14 at 9:00 UTC. The spot trading pair offered is GME/USDT, just like HTX, and withdrawals will begin on May 15 at 10:00 UTC.
Notably, these listings have fueled speculation about possible investment opportunities even more amid the token’s incredible 350% bull run. A trader was reported to have been purchasing $30,000 of the Solana GME meme coin yesterday, less than ten minutes after the “Roaring Kitty”, a.k.a. Keith Gill, tweeted this:
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Given that the trader’s assets are currently at $571,300, this behaviour has drawn worldwide attention from observers in the cryptocurrency community. It’s also important to note that GameStop’s stock and the GME cryptocurrency have increased simultaneously.
Over 350% Gains in GameStop (GME) Token Value
The price of GME cryptocurrency surged by 370.64% on the previous day, and it is presently trading at 370.64%. After a 24-hour volume upsurge of 350.63% to $202.83 million, the token’s market cap soared 363.38% to $126.14 million.
The incredible chronological alignment of events has taken the cryptocurrency market by storm, even though Roaring Kitty’s post on X does not mention GameStop cryptocurrency or stock.
