A cryptocurrency named after GameStop Corp. (NYSE:GME), which jumped more than fivefold due to the firm’s Bitcoin (CRYPTO: BTC) treasury strategy, dramatically reversed course on Wednesday.
What happened: BNB Chain (CRYPTO: BNB)-based GameStop Coin (GME) tanked 94% in the last 24 hours, wiping out all of the gains from the previous day’s 467% rally. The meme coin exhibited rapid, short-lived rallies before eroding its entire value.
It must be noted that the meme coin isn’t related to GameStop in any way but merely capitalizes on the hype surrounding the …
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