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GameStop's Memecoin Drops by 50% In 48 Hours

Michael Pachter, a GameStop analyst at Wedbush, says he sees no potential for a meaningful turnaround

GameStop's wild ride continues. The meme coin has crashed by 25%, and trading volumes have plummeted. Keith Gill, aka Roaring Kitty, has seen $350 million in profits evaporate as GME shares drop by 50% in the last two days.

June 11, 2024 05:00 AM

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