GameStop Memecoin Surges 4100% in Two Days

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Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

The meme coin GameStop’s price has surged by 4100% in the last two days, providing a smart trader the opportunity to make massive profits. After the enormous frenzy in 2021, GME is back in the spotlight following Roaring Kitty’s tweet. However, former SEC Chair Jay Clayton doesn’t seem happy, believing it should be illegal for ‘TheRoaringKitty’ to post memes online. In a CNBC interview, he claimed that if Roaring Kitty is so excited, he should come and talk on CNBC instead of tweeting memes. According to data from lookonchain, a trader capitalized on $GME and made a remarkable $0.5 million profit.

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