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GameStop-Themed Crypto Rallies 50% After Ryan Cohen Posts Intriguing Photo With Bitcoin Bull Michael Saylor
GMEGameStop(GME) Benzinga·2025-02-11 05:28

Group 1 - Cryptocurrencies themed on GameStop Corp. experienced significant gains, with Ethereum-based GameStop rising nearly 50% in 24 hours and trading volume increasing by 37% to 1.83million[1]SolanabasedGmeStopalsosawariseofover31.83 million [1] - Solana-based GmeStop also saw a rise of over 3% in the last 24 hours, indicating a broader interest in cryptocurrencies linked to GameStop despite their indirect connection to the company [2] - The recent uptick in cryptocurrency prices was influenced by CEO Ryan Cohen's social media post with Strategy co-founder Michael Saylor, leading to speculation about potential Bitcoin investments by GameStop [3] Group 2 - GameStop has maintained popularity as a retail stock, particularly following the 2021 meme stock phenomenon, with notable influence from figures like Keith Gill, who has been active on social media [4] - GameStop's stock price increased by 9.66% to 27.12 during regular trading and saw a further rise of 0.99% in after-hours trading, reflecting positive market sentiment [4]