In the last seven days, the crypto meme GameStop (GME), based on Solana, has experienced a price dump of -70%. In just the last 24 hours, GME has recovered by +50%.
GameStop (GME): the price of the meme crypto on Solana is on a roller coaster
Looking at the price chart of GameStop (GME), the Solana meme crypto, it feels like being on a roller coaster.
And indeed, GME is down 70% in the last seven days and up 50% in the last 24 hours.
At the time of writing, GME is worth $0.0034, while 7 days ago the price was $0.0089 and 24 hours ago it was $0.0022
After all, this February is the first month of life for the Solana-based crypto meme. Its all-time high, in fact, was reached on February 7th at $0.135.
GME wants to be the crypto meme dedicated to the community, without manipulation and any restriction.
GameStop (GME): the Solana-based meme crypto and its price performance
Obviously, GameStop (GME) does not seem to have any affiliation with the video game retailer GameStop Corp, even though the ticker is still GME.
And indeed, looking at the price trend of the Solana-based crypto meme, these roller coasters are not present instead for the price of GameStop Corp.’s GME stocks.
The actions of the videogame retailer are currently worth $14.51 and have increased by 1.11% in the last 7 days, and by 0.69% compared to yesterday.
Not only that, this price trend of the GME meme crypto does not even reflect that of Solana (SOL).
At the time of writing, SOL is worth $113, up +7% from seven days ago and down -2% from yesterday.
Contained percentages, therefore, those referring to the trend of GME stock prices and SOL crypto. Different from the -70% and +50% of the GME meme crypto.
Too young for the category ranking
At the moment, GameStop in the crypto-meme format, is not even listed in the category ranking.
Who knows if it’s because of its youth or its current market capitalization, which seems to be $26.3 million.
Anyway, GME is still far behind category queens like Dogecoin (DOGE) with 12.48 billion dollars and Shiba Inu (SHIB) with 5.8 billion dollars.
Not only that, GME is also far from the first crypto meme Solana-based Bonk (BONK), which holds a whopping $873 million market cap.
And speaking of BONK, here too there has been a price dump of -70% from its all-time high recorded in mid-December, which seems to still need to be recovered.