Think GameStop's 150% Yearly Jump Was Wild? Check Out Its Namesake Memecoin, Which Leaves It In The Dust With A 5X Surge
GameStop Corp. GME, the video game retailer turned meme stock sensation, has seen its stock price skyrocket over the past year, leaving many Wall Street giants in the dust. What happened: GameStop shares have netted returns of over 154% to their holders in the past year, outperforming tech behemoths such as Nvidia Corp. NVDA, Tesla Inc. TSLA, and Microsoft Corp. MSFT. A combination of factors has worked in the company's favor, including the social media influence of popular trader Keith Gill, aka “Roaring Kitty,” and the adoption of the world's largest cryptocurrency, Bitcoin BTC/USD, as a treasury reserve asset. See Also: Cathie Wood Calls It ‘Financial Services Revolution’ After Ark Analyst Highlights DeFi’s Dominance Over Traditional Banking System While GameStop’s advances have boosted investor confidence, it is worth noting that a namesake cryptocurrency has produced significantly larger returns during the same time. GameStop Coin (GME), based on the BNB Chain BNB/USD, has exploded 471% in the last year. The token hit an all-time high in mid-December, coinciding with the cryptocurrency market bull run. Note that the meme coin has nothing to do with GameStop, and it simply capitalizes on positive developments about the meme stock. The lack of fundamentals has resulted in wild fluctuations and short-lived rallies. As of this writing, it was trading 86% below its peak value. Price Action: Shares of GME dipped 0.04% in after-hours trading after closing 1.69% lower at $26.25 during Wednesday’s regular session, according to data from Benzinga Pro. Year-to-date, the stock has dropped 16.24%. GameStop demonstrated high momentum—a measure of a stock’s relative strength based on its price movement patterns and volatility. To compare the performance of other companies using Bitcoin, head to Benzinga’s Edge Rankings score. At the time of writing, the GameStop memecoin traded at $0.00005588, up 5.65% in the last 24 hours. Read Next: Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken Image Via Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.