GameStop Stock Plunge Weighs on Meme Tokens

GameStop shares fell 12% on Monday, weighing heavily on some meme tokens that tend to mirror the stock’s movements. Solana-based meme token GME, which parodies the company’s stock ticker, slid 25%, reversing a more-than 200% rally over the past seven days. Other related tokens like Roaring Kitty and some cat-themed tokens also fell sharply. Read more at CoinDesk.