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News Explorer — GameStop Meme Coin Plunges as GME Fever Fades

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May 17, 4:03 pm
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GameStop Meme Coin Plunges as GME Fever Fades

The unofficial GameStop tribute coin on Solana, called GME, has seen a significant drop in price, falling 69% from its all-time high this week. Despite this, the token is still up 1,080% over the past week, outperforming the actual GameStop stock. The recent spike in GameStop's share price was short-lived, possibly due to the lack of meaningful activity from Roaring Kitty, the trader who helped spark the meme stock craze.

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