GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm’s CEO Urges Bitcoin Investment: Graduate From Being ‘Meme Stock’ To Sector Leader

An investor recommendation urging video game retailer GameStop Corp. (NYSE:GME) to adopt the Bitcoin (CRYPTO: BTC) standard caused cryptocurrencies themed on the company to surge on Tuesday.

What happened: BNB Chain (CRYPTO: BNB)-based GameStop Coin exploded 363% over the last 24 hours to a market capitalization of $3.15 million.

Similarly, Ethereum (CRYPTO: ETH)-based GameStop, with a much higher valuation, rallied over 8%, while its trading volume bounced 46% in the last 24 hours.

It’s worth noting that these meme coins aren’t directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.

Benzinga Note: Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and …

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