Meme Coin News: GME Token Outperforms Stock, 15B FLOKI Burned, SHIB

Sead Fadilpašić

Last updated:

May 20, 2024 11:07 EDT

| 4 min read

Get your weekly, bite-sized digest of meme coin news.

This week read about:

Meme Coin News: Market Highlights

GameStop (GME) Meme Coin Outperforms the Stock

FLOKI DAO Votes ‘Yes’ to Burning 15.25 Billion Coins

Shina Inu Could Hit $1 by 2050

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Meme Coin News: Market Highlights.

The global cryptocurrency market capitalization has seen a drop of 0.4% over the past day to $2.54 trillion.

GME is the best-performing meme coin in the last 24 hours, and it is discussed in more detail below.

Next in line is OMIKAMI, with a 41% rise to $0.02407.

Quite a few other meme coins are in green.

On the other hand, BOOMER fared the worst. It’s down 17% to $0.03416.

It’s followed by JESUS, PORK, ANDY, and OMNOM, all with double-digit drops.

When it comes to the top 10 meme coins per market cap, two have seen their prices rise.

Dogwifhat (WIF) is up nearly 5%, trading at $2.68.

At the same time, PEPE appreciated 1.3% to $0.00001.

BONK recorded the biggest fall in this category. It is down 6.2%, currently changing hands at $0.00003.

TokenFi (TOKEN) is next among the red coins, having dropped 5% to $0.10627.

The remaining coins are down between Coq Inu (COQ)’s 0.78% and Memecoin (MEME)’s 3.9%.

GameStop (GME) Meme Coin Outperforms the Stock.

In meme coin news this week, the GME token recently came out of dormancy, recording significant gains over the past several days.

In the last 24 hours alone, it appreciated 42%, changing hands at $0.007012.

Moreover, in the past seven days, it saw a massive increase of 187%.

At the time of writing, it’s the best-performing coin in the 24-hour category.

In the 7-day category, only OMIKAMI and PONKE surpass it.

The coin’s sudden jump can be seen clearly on the 1-month chart, as shown below.

While trading sideways for the past two months or so, the coin shoots up on May 12.

It rose 2,107% by the following day and 3,865% by May 14.

Just a day later, it hit its all-time high of $0.02167, dropping 67% since.

As reported, the Ethereum-based token saw a revival following the return to Twitter of trader Roaring Kitty, known for sparking the (in)famous GameStop frenzy in the first place.

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Also, the...

https://cryptonews.com/news/meme-coin-news-gme-token-outperforms-stock-15b-floki-burned-shib-could-hit-1-in-15y.htm

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