GameStop memecoin experiences record volume amid 300% surge

memecoin soared by over 300%. This surge was attributed to posts by Keith Gill, also known as Roaring Kitty, on X and Reddit., the investor shared details of his GME stock holdings and options. Before this, Gill had been inactive on X for over two weeks and on Reddit for over three years.stock price. This isn’t the first time his social media activity has caused such reactions.

Additionally, the spike pushed it into the overbought zone according to its Relative Strength Index , which exceeded 70 before declining due to the price drop. Analysis of GameStop memecoin’s volume on Santiment also showed a significant spike. On 3rd June, the volume surged from around $19 million to over $490 million, marking the highest volume in years.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.

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