This is a meme coin on solana network that recently out of nowhere sky rocketed 2000%. It is a parody token of gamestop and since the stock rose this did too and printed a giant daily candle and daily golden cross. I opened a starter position here on this massive pullback to 0.0038. I would imagine if the stock goes higher this will too like it did before. The stock might be cooked I wonder if this can make it without the stock rising? The coin has now 40,000 holders almost as much as another top meme coin on solana called myro that is trading at almost 200 million market cap. This coin brought it 100 million dollar volume was was the highest volume alt coin on solana for two days. Can it bonce back to new highs from these levels or will this just fizzle out like it looks like it is doing? I have taken a small position here as this is only trading at 30 million market cap and seems undervalued compared to other solana meme coins that draw this amount of volume. I enjoy these meme coins they are fun but remember it is very much a gamble like buying a lottery ticket.
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After some diliberation and improvement in the chart I have greatly increased my position and bought more for a total 1.5 million coins for a little over 6k, My largest initial investment in a meme coin yet.
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I sold half on the initial rise back up at almost double, I then yeeted it all back into the coin on the dip back down. Still think it is going higher. Way higher to an eventual multi billion market cap.
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I have decided to hold from this moment on without worry of stopping myself out or anything like that for a potential massive meme coin play the likes of pepe, doge coin, shiba, bonk, wif... Got a great entry and this is gamestop meme gamestop household name. Coin has 45k holders only out for a few months. Full conviction from this moment on.
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With a further pullback I added another 1 million coin AT 0.0035 for another 3.5k to average down a bit. Total invested now 9.5k.
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Coin follows the stock very closely, stock does good, coin does good. This is a bullish catalyst imo.
GME
stock just did a capital raise and received 900 million dollars. Lets see what they do with that money. Still holding and in the profit ever so slightly. at the moment. Expecting next leg up soon.
GME
stock just did a capital raise and received 900 million dollars. Lets see what they do with that money. Still holding and in the profit ever so slightly. at the moment. Expecting next leg up soon.
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I closed most of my position amazing trade and I kept 1 million coins worth about 10k at the moment. Initial investment was 9k so basically left my intial in took all the profit out. My thinking for selling is simple. Roaring Kitty tweeted stock sky rocketed which made the coin sky rocket 500% in a few hours. Those gains in one day let alone a few hours are enough for me even if it keeps going up. I left a moon bag though of 1 million coins. Meaning if It ever reaches 10 cents I which would be my long term target I would make 100k and bascially the coins are free now since I took already a large profit and only left the initial in. Man I love Solana meme coins.
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Roaring Kitty is claiming to hold 170 mil of gme stock. If the stock keeps going up so will the coin but im not willing to risk my profit over 1 man. I appreciate the diamond hands mentality but I got bills to pay. I left a pretty large moon bag just in case tho! Not giving up on it fully!!! I like the coin!
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Check out my other idea on
SC
shark cat. Going up nice and does not rely on a stock to go up. Also $WALTER is a coin that came out recently that I have been buying as well.
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If I am being honest here, I have been trading SOL meme coins for a while now and this is the wildest one and most volatile. A lot of eye will be on this coin now. It is truly insane. Glad I kept some but also glad I sold some. The price swings could have led to some hasty decisions. Now I just let it ride with what I got left. Warning, watching this coin while you have an active position in it could lead to hair loss.