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Roaring Kitty crypto and AMC surge as GameStop hype continues: Buyers urged to ‘sell, promote, sell’

  • Frenzy Feline crypto and Theater Chain surged amidst the current market downturn!
  • Previous SEC Head Jay Clayton questions the morality of market shenanigans by way of social media.

On the 14th of May well, while magical world-wide-web funds like Bitcoin [BTC] was getting a beating, GameStop [GME] and AMC Amusement Holdings [AMC] have been acquiring the time of their life!

Reports recommend that GME and AMC shot up by 75% and 89%, respectively.

This wild change also led to a meme coin extravaganza, with numerous meme cash seeing spectacular gains.

For occasion, Frenzy Feline [ROAR] soared by a whopping 175%, and the Wall Road Bets token skyrocketed by an incredible 1,121% from the fantastic ol’ U.S. greenback!

Best Canine Chime In

Interestingly, Jim Cramer, the host of the zany CNBC display “Mad Money,” had some quirky feelings on the subject.

Known for his daring financial commitment moves, Cramer not too long ago declared on CNBC,

“I won’t be able to fathom Gamestop, $GME, buying and selling at $64 or even $44, so the prudent thing to do is to market, offer, market.”

But wait around, there’s much more! When referring to AMC, he remarked,

“$AMC is a mere shadow of its former self.”

The surge in GME and AMC shares kicked off with Frenzy Feline’s huge comeback on social media on the 13th of May, and the momentum hasn’t stopped, with minimal pullback.

This goes to demonstrate the electric power of social media and the substantial sway of influential figures in the on the net trading group.

Social Media’s Affect

This complete predicament is reminiscent of the moments when Elon Musk influenced the value of Dogecoin through his public utterances in the earlier.

All of this begs the concern — should really these kinds of current market antics be considered acceptable?

Expressing his dismay, Former SEC Head, Jay Clayton, vented to CNBC lately,

“This difficulties me on so several stages — It is really additional like actively playing roulette than investing, and it is undoubtedly not investing.”

Questioning the complete shebang, Clayton pondered,

“Can a single tweet really be deemed investment information? We have discovered in excess of the past 5 yrs that a tweet ain’t just sage investment decision counsel.”

Thriving Day for Solana Meme Cash

Despite the criticism, Solana [SOL] meme cash have observed a sizeable uptick.

Noteworthy beneficiaries of the present SOL meme coin craze consist of Dogwifhat [WIF], Bonk [BONK], and Popcat [POPCAT].

As we shimmy our way via the 7 days, let us retain an eye on how factors evolve and what the upcoming retains for the meme coin universe.

Following: Bitcoin, Ethereum underperform as crypto marketplace remains bearish

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