Summary
- It was reported that GameStop meme coin surged over 50% intraday.
- Ryan Cohen, GameStop CEO's post, was explained to have amplified investor interest.
- Rumors about the possibility of GameStop buying Bitcoin were analyzed to have stimulated investor sentiment.
GameStop (GME) is experiencing a sharp rise intraday. It is analyzed that investor sentiment has strengthened after Ryan Cohen, GameStop's CEO, posted a photo with Michael Saylor, CEO of Strategy.
As of 3 PM on the 11th, GameStop is recording a 54.41% surge to $0.0002078 according to CoinMarketCap. Additionally, GameStop Coin with the same ticker also soared by 61.05% compared to the previous day.
The background of the surge in GameStop-themed meme coins seems to be rooted in a post by GameStop's CEO on X (Twitter). Last week, Ryan Cohen, CEO, posted content on X featuring Michael Saylor, CEO of Strategy.
After the photo was posted, rumors began to spread within the cryptocurrency community that GameStop might be implementing a strategy to buy Bitcoin, which amplified interest in GameStop.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
