GME memecoin may see a significant correction, similar to the dramatic drop Dogecoin experienced following Elon Musk’s appearance on SNL.
Solana-based GME coin (GME), a memecoin paying tribute to the 2021 short squeeze of GameStop and not to be confused with GME stock, has surged by over 150% in the past 24 hours to reach $0.029 on June 7.
Interestingly, the price exploded after Keith Gill, also known as Roaring Kitty, announced his return to YouTube on June 7 after a three-year hiatus.
Gill was a central figure in the original GameStop short squeeze saga of 2021, and his recent online activity has rekindled interest in GameStop-related investments. For instance, GME crypto prices have surged by over 730% since June 2, when Gill revealed that he has started trading the shares of the original GameStop videogame retailer again.