GameStop losses weigh on meme coins
Meme tokens GME and KITTY experienced losses of 25% and 10% respectively due to the double-digit losses in GameStop. The GameStop stock rally reversed for the second day on Monday, resulting in a 12% drop in the US trading session. This decline affected some meme tokens that tend to follow the stock's movements. The Solana-based meme token GME, which parodies the company, saw a 25% slide after a 200% rally in the past seven days. Additionally, related tokens such as Roaring Kitty (KITTY) and some cat-themed tokens lost an average of at least 10%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Explosive Cryptos Ready to 1000X This Weekend – Get In Before the Boom!
Flash Monday: Buy crypto with a credit/debit card for zero fees
Wasabi Adds Berachain Vaults With Up To 300% Yields
Terraform Labs Creditors Alert—Claim Your Crypto Losses Before the Deadline!
Trending news
MoreCrypto prices
More
