GameStop-Themed Crypto Surges Nearly 40% As Bitcoin Highs Fuel Frenzy

Memecoins inspired by GameStop Corp. (NYSE:GME) popped Thursday as Bitcoin’s (CRYPTO: BTC) record-breaking rally energized the cryptocurrency market.

What happened: Ethereum (CRYPTO: ETH)-based GameStop (GME) was up nearly 40% in the last 24 hours, hitting a more than three-week high, according to CoinMarketCap.

The coin’s market capitalization exceeded $27 million, while the 24-hour trading volume spiked 65% to $1.5 million.

Notably, a BNB Chain (CRYPTO: BNB)-based token, having the same name but a much larger market capitalization, rose exponentially only to lose 86% of its value overnight. As of this writing, …

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