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Memecoin Mania: GameStop (GME), BENDOG, and Hemule Perform Well

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Memecoins have been exploding left and right over the last 24 hours. Cryptos like GameStop (GME), BENDOG, and Hemule have grown significantly, impressing investors with their performance. GameStop’s crypto experienced a surge as Roaring Kitty revealed a $180 million GME position. Other meme coins, such as BENDOG and Hemule, also held top positions at press time.

GameStop (GME) Boost By 235%

The GameStop (GME) price surged overnight after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of GME stock and call options.

Gill shared a screenshot showing he purchased 5 million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.  

The news boosted the GME crypto price, which surged by 235%. It is currently trading 3100% above its all-time low. 

This surge is attributed to Keith Gill’s aka Roaring Kitty social media posts, which led to a trading price increase of over 200%. The trading volume of the GameStop crypto has also surged, reaching over $110M. The market cap value of the crypto is $102.331M.

The price is currently down by 39.8% from its all-time high. The technical analysis indicates a strong bullish trajectory for the GME crypto, with indicators such as the MACD, RSI, and EMA showing positive trends and a surge in momentum.

Ben the Dog (BENDOG) Demonstrated 126% Surge

Ben the Dog is a Solana-based coin themed on the solid story of the launching of the Solana project.

In 2017, Anatoly Yakovenko faced a significant decision about launching Solana, a new blockchain project, amidst skepticism from others. Seeking advice, he turned to an unexpected advisor: Talking Ben The Dog. 

Surprisingly, Ben’s simple “Yeahppp” response convinced Anatoly to proceed, leading to Solana’s tremendous success. Following Anatoly’s lead, Talking Ben is leaving his mark on Solana.

At the time of writing, Ben the Dog is trading at the $0.02932 level with a gain of 126.86%, and its market cap stands at $29,560,271. The meme coin gave more than a 518% return from its lowest price of $0.004203.

Hemule (HEMULE) is up by 40% 

The Hemule meme coin is based on the beloved house cat of Vitalik Buterin. Hemule is also known as the Ethereum Founder cat token. This charismatic feline companion brings warmth to the Buterin household and the blockchain community. 

Hemule is set to be decentralized, focusing on creating a compelling narrative that resonates on social media. 

When writing, the Hemule price is trading at $0.01914 with a 40.37% intraday gain and a market cap of $18,800,078. It has grown by almost 807.78% over the year. 

The Hemule gave an outstanding return of 4896.41% from the all-time low price, making it a profitable narrative coin.

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