Rally

GameStop

Coin

<p>GameStop (GME) stock is up100% in pre-market trading, reigniting the meme stock frenzy. This surge coincides with the return of Keith Gill, known as “Roaring Kitty,” who revealed a massive $181.4 million position in GME shares and call options.</p>
<p>With meme stock pumping, <a href="https://coinmarketcap.com/currencies/gme/" target="_blank" rel="noopener noreferrer nofollow">GameStop (GME)</a> meme coin has also experienced a 232.10% price surge in the last 24 hours, reaching a high of $0.0158 from a low of $0.003734.</p>
<p>This sudden price action has sparked speculation about a potential meme coin rally, as other popular meme coins like <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">Pepe</a>, <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">DogWifHat</a> (WIF), <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noopener noreferrer nofollow">Floki</a>, and <a href="https://coinmarketcap.com/currencies/popcat/" target="_blank" rel="noopener noreferrer nofollow">Popcat</a> have also seen modest gains, with Pepe up 4%, DogWifHat up 5.6%, Floki up 12.2%, and Popcat up 17.6%.</p>
<h2 class="wp-block-heading" id="the-return-of-roaring-kitty">The Return of Roaring Kitty</h2>
<p>The GameStop meme coin’s price surge coincides with a development in the traditional stock market. On June 2, 2024, GameStop (GME) stock surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted on Reddit that he is holding, as mentioned in the intro, a $181.4 million position in GME stock and call options.</p>
<p>Gill, widely cited as a major influence on the 2021 GME short squeeze, posted on his “DeepFuckingValue” account for the first time since April 2021.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="494" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-1024x494.png" alt="" class="wp-image-502148" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-1024x494.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-300x145.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-767x370.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-1536x741.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-2048x988.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-311x150.png 311w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-726x350.png 726w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51-788x380.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-51.png 877w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://www.reddit.com/r/Superstonk/comments/1d6r5vp/gme_yolo_update_june_2_2024/" target="_blank" rel="noopener noreferrer nofollow">Reddit</a>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="gill-s-massive-gme-position">Gill’s Massive GME Position</h2>
<p>According to the screenshot shared by Gill, he purchased 5 million GME shares for $115.7 million and invested an additional $65.7 million into call options, betting that GME would be trading at least $20 a share by June 21.</p>
<p>GameStop closed at $23.14 on Friday, May 31, with shares up 38.8% year-to-date, seemingly boosted by Gill’s return to the spotlight.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="the-meme-coin-connection">The Meme Coin Connection</h2>
<p>The sudden price surge in the GameStop meme coin, along with the gains seen in other popular meme coins, has led to speculation that Gill’s return and the subsequent GME stock price increase may have triggered a renewed interest in meme-based cryptocurrencies.</p>
<p>As the lines between traditional finance and the crypto world continue to blur, it is not surprising to see the hype surrounding a stock like GameStop spill over into the realm of meme coins.</p>
<p>With the GameStop meme coin leading the charge and other meme coins following suit, the question on many investors’ minds is whether this is the beginning of a broader meme coin rally. As seen in the past, meme coins can experience explosive growth in a short period, often fueled by social media hype and retail investor enthusiasm. However, it should be seen as to whether GME’s surge can also trigger a meme coin pump.</p>
<p><em><strong>Read more:&nbsp;<a href="https://captainaltcoin.com/massive-3-billion-ripple-coins-on-the-move-xrp-price-rally-or-crash/" target="_blank" rel="noopener noreferrer nofollow">Massive 3 Billion Ripple Coins On the Move – XRP Price Rally or Crash?</a></strong></em></p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/gamestop-gme-stock-meme-pumping-is-a-meme-coin-rally-incoming/" rel="noopener noreferrer nofollow">GameStop (GME) Stock Meme Pumping: Is a Meme Coin Rally Incoming?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

GameStop (GME) Stock Meme Pumping: Is a Meme Coin Rally Incoming?

Table of Contents

CaptainAltcoin

Other articles published on Jun 3, 2024

Crypto Trader Who Called Shiba Inu's $0.000089 Peak Predicts This Altcoin Will Hit $9 in the Next...

Frax Finance X account hacked, CEO suspects ‘inside job’ at Elon Musk’s office

MoonBag Presale Explodes, Exceeds $1 Million to Become the Best Presale In 2024, Dethroning Dogev...

MoonBag Presale Highlights the Short-Lived Success of Dogerverse and Kangamoon

GameStop Frenzy 2.0? Here are the Top Meme Coins to Watch This Week

MoonBag Presale Making $1 Million While Sharks Eat Solana and Dogeverse Up

Join our free newsletter for daily crypto updates!