GME Coin Shoots Up Over 80%

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Legendary merchant keith gill, Popularly known as roared kittyreturned to social media on Thursday, sparking a significant rise in the cryptocurrencies associated with it GameStop Inc (New York Stock Exchange:GME).

What happened: GameStop (GME) stock is up nearly 65% ​​in the past 24 hours to hit all-time highs.

the Ethereum (encryption: Ethereum) based currency rose as high as $ 0.00025 when Share Roaring Kitty’s X The coin debuted before quickly falling to $0.00019, according to CoinMarketCap.

The token saw hectic trading activity with a 453% jump in volume.

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Other currency depends on BNP Series (encryption: BNB Bank), any GameStop coin (GME) jumped 82%, accompanied by a 14% jump in trading volume.

The memecoin with the same name Roaring Kitty received up to 25% development.

The flop was the result of an intriguing post by Roaring Kitty that showed the cover of TIME magazine with a computer equipped with a video monitor. The video is paused at the 1:09 minute mark, for a total length of 4:20.

For the uninitiated, “420” is slang for smoking marijuana, especially around 4:20 p.m. in cannabis culture. It can also refer to Cannabis-related celebrations Which is held on April 20 every year

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A time reference may indicate that investors have time to buy GameStop or another stock before a major event.

Note that these meme coins have no underlying ties to GameStop or Roaring Kitty but continue to play Short squeeze speculation on meme stocks And the possibility of a repeat of the historic 2021 event at the hands of the legendary trader.

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