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GameStop, GME, shorts lose over $1 billion in mark-to-market losses on Monday amid meme-stock demand

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GameStop (GME) price exploded on Monday, making headlines and drawing attention to the gaming ecosystem.

GameStop short-sellers have lost $1 billion in the first hour of trading on Monday after 2,200% surge. Multiple exchanges reportedly had trouble processing orders following GameStop rally, GME paused due to volatility x3. Solana-based GME is up 1,393% at press time to trade for $0.007241, while GME stock trades for $29.64. GameStop price exploded on Monday, making headlines and drawing attention to the gaming ecosystem.

com/YgjVqtgcNS — Roaring Kitty May 13, 2024 With this level of attention, GameStop short-sellers have lost $1 billion in the first hour of trading on Monday after 2,200% surge. The token is up 1,393% at press time to trade for $0.007241 as the Solana-based GME token basks in the attention. This is so much so that multiple exchanges reportedly had trouble processing orders following GameStop rally, and consequently, GME paused due to volatility x3.

 

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