GameStop Solana Meme Coin GME Up 467% Ahead of Roaring Kitty Stream

GameStop’s inventory value plunged Friday following an early (and tough) Q1 earnings report launch from the online game retailer. However the unofficial GME meme coin on Solana continues to be flying excessive this week, hitting an all-time excessive value simply hours earlier than influential dealer Roaring Kitty (aka Keith Gill) holds his first livestream in three years.

GME, a GameStop tribute coin that launched again in January, is up 70% during the last 24 hours at a present value of $0.021, and now has jumped 467% on the week amid GameStop meme inventory fever. The token has now spiked by over 5,000% since setting an all-time low value on April 30.

In a single day, the GME token popped to a brand new all-time excessive value of almost $0.032. It’s now down by 33% since that peak. The $471 million in buying and selling quantity during the last 24 hours is probably the most ever tracked for the token, in keeping with CoinGecko.

GameStop’s personal shares are down sharply Friday, falling 25% since markets opened due largely to the earlier-than-expected launch of tough quarterly earnings. It’s at present priced at slightly below $35.

However the greatest story round GameStop on Friday is prone to be the return of Roaring Kitty to YouTube in a scheduled 12pm ET livestream. The influencer, who additionally goes by DeepFuckingValue on Reddit, was the important thing determine behind the 2021 GameStop inventory brief squeeze.

In latest weeks, he’s returned to Twitter after which finally Reddit earlier this week, sharing that he holds lots of of tens of millions of {dollars} value of GME shares and choices. Primarily based on his present holdings, his place could be value $1 billion if GME’s value hits $65 on Friday.

Greater than 100,000 persons are already queued up to look at the stream, as of this writing.