A significant purchase of $1.61 million worth of the $GME memecoin on the Solana blockchain has been reported. The buy, which involved nearly 10,000 SOL and occurred about 10 minutes ago, initially propelled the token's price to $0.03 and its market capitalization to $300 million. However, the price and market cap have since retraced by 50%, bringing the token down to $0.015 and its market cap to $87 million.
NEW: SOMEONE PURCHASED $1.61M WORTH OF SOLANA MEMECOIN $GME (@gmecoinsol) IN ONE CLIP https://t.co/QbtFdR0lDf
Someone just bought $1.6M of the $GME memecoin on Solana. https://t.co/Hi1aC0rHdR
Someone just bought $1.6M of GME on solana lol https://t.co/6Mv8C5Y1sl
$1.6M buy on $GME on Sol lol https://t.co/N6T2IpcP86
Sheesh someone bought $1.6M worth of GME on Solana https://t.co/CnSae0Q5fS
Just In: Someone purchased nearly 10,000 SOL ($1.61M) of $GME about 10 mins ago 🤯 The buy briefly sent the token up to $0.03 and a $300M mc. It has since retraced 50% to $87M and $0.015...but there is a new wick to fill. h/t @BandoNFT https://t.co/umjdaFV0Fy