GameStop

The GameStop (GME) meme coin is a tribute to the GameStop meme stock saga that took place in 2021. It was created on the Solana blockchain and launched on January 28, 2024, as a fair launch on the Raydium DEX, coinciding with the release of the Netflix movie "Dumb Money" about the GameStop story. The coin is often referred to as a "movement" and "a display of the digital community and the power of the underdog," echoing the spirit of the original GameStop saga.

The GME meme coin gained significant traction, reaching over 15,000 holders within the first week of its launch and crossing the 20,000 holders mark by March 2, 2024. The coin's popularity is largely driven by its community, with many crypto influencers and social media users supporting the coin. The community's marketing efforts included "raids" with pictures decorated with the red headband popularly worn by Keith Gill, also known as Roaring Kitty, during his YouTube streams.

The GME token has a total supply of about 6.9 billion tokens in circulation, with no known extra mint functions. The token is primarily used for trading and has no additional utility at the time of writing. It is listed on both centralized and decentralized exchanges, including Coinex, Bitget, and BingX, as well as Solana-based DEXs like Orca and Jupiter.

The GME meme coin has seen significant price surges, particularly after Keith Gill's return to social media and the investment space. On June 7, 2024, the token reached a new all-time high, with its market cap increasing to around $149 million following a 70% price surge. The coin's popularity is closely tied to the original GameStop story and the community's enthusiasm for the meme coin, which has led to its significant growth and volatility.

GameStop (GME) is a decentralized and democratic cryptocurrency built on the Solana blockchain. It was created as a tribute to the GameStop short squeeze in 2021, which saw a group of retail investors on Reddit's r/WallStreetBets forum challenge institutional investors by buying GameStop shares en masse, driving up the stock price and causing a "short squeeze." This event demonstrated the power of collective action and highlighted the vulnerabilities of established financial institutions.

GME captures the essence of this community-driven movement, ensuring fast and secure transactions through the Solana blockchain. Unlike traditional financial systems where power is concentrated in the hands of a few, GME distributes power among its holders, aligning with the principles of democratizing finance. The driving force behind GME is its community, which thrives on collective will and aspirations, shaping the future of the coin and its underlying principles.

• Decentralized and Democratic: GME operates on the Solana blockchain, ensuring fast and secure transactions, and distributes power among its holders, making it a decentralized and democratic cryptocurrency.
• Community-Driven: The coin's community is the driving force behind its success, with thousands of followers on social media and Telegram channels. The community's collective actions and decisions shape the future of the coin.
• Meme Coin: GME is a meme coin, created without any intent of blue-chip utilities. It has a low-entry barrier, and users can buy into the coin simply because it has a fun community.
• Trading: GME tokens are mainly used for trading, with no additional utility at the time of writing. It trades on both centralized and decentralized exchanges, including Coinex, Bitget, and BingX, as well as decentralized exchanges on the Solana network like Orca and Jupiter.
• Tokenomics: There are approximately 6.9 billion GME tokens in circulation, with a total supply unknown. The token has a 24-hour trading volume of $147,644,110 and a market cap of over $134 million.

GME, like other meme coins, is prone to high volatility. Potential investors should be aware of the risks associated with trading cryptocurrencies. It is essential to do thorough research and consult qualified professionals before making financial decisions.

The token GameStop (GME) has several strengths that contribute to its popularity and market performance. One of its key strengths is its unique connection to the well-known gaming retailer GameStop, which draws inspiration from real-world events and news related to the company. This connection has led to significant surges in value when influential figures, such as Keith Gill, revive memes that previously drove up the stock price of GameStop.

Another strength of GME is its ability to generate significant trading volume and market capitalization. Despite being a meme token, it has managed to reach the 570th position in terms of market capitalization, with a market cap of approximately $53,407,312 and a trading volume of $80,742,540 over a 24-hour period. This indicates a high level of investor interest and activity.

Additionally, GME's price predictions suggest that it has the potential for long-term growth. Analysts forecast that the token's maximum value could climb to $0.109 by 2030 and reach an apex price of $0.4162 by 2040, with a predicted mean trading price consistently near $0.3613 throughout the year. These predictions indicate that GME has a strong potential for future growth and stability.

Overall, the GameStop (GME) token's strengths lie in its unique connection to the gaming retailer, its ability to generate significant trading volume and market capitalization, and its long-term growth potential.

GameStop (GME) has disclosed 39 risk factors in its most recent earnings report, with the majority falling under the "Finance & Corporate" category. These risks include financial and accounting risks related to the execution of corporate activity and strategy, such as accounting loss, value of intangible assets, financial statements, and financial reporting.

• Developers: The developers of the GME Memecoin are not explicitly named but are mentioned as having taken advantage of the opportunity to develop meme-based digital currencies, capturing the essence of the GameStop rebellion and embodying the energy and support that defined the historic event.