The story of the GME token
In fact, GME is the name of the GameStop stock, which made many people rich with its excellent growth, and the movie DumbMoney, which was made in 2023. The idea of ​​this movie is how strong the collective wisdom and power of people can be and even bankrupt large financial institutions

The name of this Solana memecoin is derived from the shares of GameStop company with the abbreviation GME, which is a large retailer of video games. 

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But what is the story? In early 2021, a group of retail investors, coordinated on social platforms such as Reddit, decided to increase the price of GME shares by buying them in bulk.

The move quickly attracted public and media attention and led to wild swings in GME's stock price, with GameStop shares going from around $20 to over $300.

Finally, Andrew Tate, an entrepreneur who has an influential personality in the market, has recently announced that he has converted half a million dollars of his bitcoins into GME and Memecoin shares...! Since his announcement, the price of these shares and also Memecoin, which has a similar name, has grown a lot.

This action forced people who had short trades to buy back the stock to avoid further losses, which in turn caused the stock price to increase further, which is called the short squeeze phenomenon.