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<p>The post <a href="https://coinpedia.org/news/gamestops-75-surge-ignites-memecoin-rally/" rel="noopener noreferrer nofollow">GameStop’s 75% Surge Ignites Memecoin Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In the wake of GameStop’s latest surge, the meme coin market has experienced a significant boost. On Monday, May 13, GameStop’s stock price <a href="https://x.com/santimentfeed/status/1790133479109210187" rel="noopener noreferrer nofollow">soared </a>by 75% to $30.45, with an additional 21% increase in aftermarket trading. This explosive rise also triggered a 2200% rally in the GameStop meme coin over 24 hours, leading to a wider market rally.</p>
<h2 class="wp-block-heading" id="h-gamestop-surge-sparks-market-rally"><strong>GameStop Surge Sparks Market Rally</strong></h2>
<p>This rally mirrors the 2021 phenomenon when Reddit traders, led by Keith Gill, drove GameStop’s stock price up over 1,000% in a month. This recent surge caused hedge funds engaged in short selling to incur nearly $1 billion in losses, as reported by S3 Partners.</p>
<p>According to on-chain <a href="https://x.com/santimentfeed/status/1790169149337178396" rel="noopener noreferrer nofollow">data </a>from Santiment, the meme coin sector saw a 34% increase in daily trading volume, adding $5 billion to investors’ wealth. Notably, the top 50 assets leveraged this rally, and the dogecoin (DOGE) price alone surged by 10%. Other coins like $PEPE, $MAGA, $MOG, $BITCOIN, $PONKE, $PEPE2.0, $SPX, and $ANALOS are also gaining traction, showcasing the sector’s dynamic and volatile nature.</p>
<h3 class="wp-block-heading" id="h-top-gainers"><strong>Top Gainers</strong></h3>
<p>The GameStop rally has significantly increased social media activity surrounding meme coins. FLOKI, for instance, saw a 145% surge in social interest. Other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, WIF, and BONK also experienced notable gains in both social volume and trading prices.</p>
<p>PEPE set a new all-time high at $0.00001023, with a 17.1% price increase. DOGE, SHIB, WIF, FLOKI, and BONK recorded gains of 6.7%, 5.3%, 3.8%, 8.8%, and 4.1%, respectively. Trading volumes for these tokens increased by more than 200%, with SHIB and FLOKI seeing over 400% rises.</p>
<h3 class="wp-block-heading" id="h-political-and-market-implications"><strong>Political and Market Implications</strong></h3>
<p>With the effect of the news, the political meme coin also MAGA (TRUMP) surged by 22.8%, potentially benefiting Donald Trump, whose Ethereum wallet reportedly holds nearly $5 million worth of TRUMP tokens. Overall, the meme coin category rose by nearly 6% in the last 24 hours.</p>
<h3 class="wp-block-heading" id="h-future-outlook"><strong>Future Outlook</strong></h3>
<p>Moreover, the current trend changed after Keith Gill, also known as Roaring Kitty, started posting cryptic <a href="https://x.com/TheRoaringKitty/status/1789807772542067105" rel="noopener noreferrer nofollow">messages </a>on X. This hint at further moves to boost GameStop stock, which could continue driving meme coin gains, has investors closely monitoring these developments for opportunities in the volatile meme coin market.</p>

GameStop’s 75% Surge Ignites Memecoin Rally

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