Meme Coin on Robinhood Chain Pushes GME Stock to $300
A new meme coin on the Robinhood Chain, paired with tokenized GameStop ($GME) stock, surged the stock's price from $20 to $300. The token, also named $GME, is designed to interact with the actual stock, potentially triggering a short squeeze. Only 6,000 GME shares exist, amplifying the price impact.
Detected & updated continuously · Source: Nebula
Mentioned
GME (gme)Sources
@issathecooker
Earlier today, a meme coin launched on Robinhood chain that is paired with Gamestop tokenized stock: > It took Gamestops tokenized stock price up from $20 to $300! > Only 6,000 $GME shares exist on chain, and the only way to mint more is to buy the real stock and tokenize it https://t.co/wbtFKzT8uq
@CryptoStylesUSA
Looks like someone created the robinhood coin $GME to be paired with the ACTUAL stock $GME. Insane tech. CA: 0xc2362aff2a2a4cc1f48cf3dab2c4e2605eb94ba3 https://t.co/GUDPOtXKB8
@mr_pschmitt
Took me a bit to understand but slowly getting it. So a memecoin paired with the $GME stock is pushing the $GME stock to create another short squeeze and that is happening on Robinhood Chain. If that works out, that will be one for the books.