{"id":19287,"date":"2025-03-27T03:16:46","date_gmt":"2025-03-27T03:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19287"},"modified":"2025-03-27T03:16:46","modified_gmt":"2025-03-27T03:16:46","slug":"gamestop-themed-memecoin-takes-sharp-u-turn-tanks-94-after-companys-new-debt-offering-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19287","title":{"rendered":"GameStop-Themed Memecoin Takes Sharp U-Turn, Tanks 94% After Company&#8217;s New Debt Offering To Buy Bitcoin"},"content":{"rendered":"<div>\n<p>A cryptocurrency named after <strong>GameStop Corp.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GME#NYSE\">GME<\/a>), which jumped more than fivefold due to the firm\u2019s <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) treasury strategy, dramatically reversed course on Wednesday.<\/p>\n<p><strong>What happened: BNB Chain <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/bnb\/usd\">BNB<\/a>)-based <strong>GameStop Coin<\/strong> (GME) tanked 94% in the last 24 hours, <a href=\"https:\/\/in.benzinga.com\/25\/03\/44486233\/gamestop-themed-memecoin-explodes-467-after-firm-adds-bitcoin-to-reserves\">wiping out all of the gains<\/a> from the previous day\u2019s 467% rally. The meme coin exhibited rapid, short-lived rallies before eroding its entire value.\u00a0<\/p>\n<p>It must be noted that the meme coin isn\u2019t related to GameStop in any way but merely capitalizes on the hype surrounding the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/03\/44506895\/gamestop-themed-memecoin-takes-sharp-u-turn-tanks-94-after-companys-new-debt-offering-to-buy-bitcoin\" alt=\"GameStop-Themed\" memecoin takes sharp u-turn tanks after company new debt offering to buy bitcoin>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A cryptocurrency named after GameStop Corp. (NYSE:GME), which jumped more than fivefold due to the firm\u2019s Bitcoin (CRYPTO: BTC) treasury strategy, dramatically reversed course on Wednesday. What happened: BNB Chain (CRYPTO: BNB)-based GameStop Coin (GME) tanked 94% in the last 24 hours, wiping out all of the gains from the previous day\u2019s 467% rally. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19287","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19287"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19287\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}