Reported 10 months ago
The GameStop stock rally experienced double-digit losses, with GME ending Monday trading down 62% from its two-year high, causing related meme tokens like GME and KITTY to drop 25% and 10% respectively. Other meme tokens like DOGE, SHIB, and FLOKI also fell between 4% to 10%. The market volatility came after GameStop announced plans to sell more shares and reported a decline in quarterly sales, impacting investor confidence.
Source: YAHOO