GME meme coin jumps 54% as GameStop plans bid for eBay, boosting investor excitement.

GameStop's reported plan to bid for eBay sparked a 54% surge in its Solana-based meme coin GME and a 55% rise in Roaring Kitty token within 24 hours. The move highlights CEO Ryan Cohen's strategy to transform GameStop into a $100 billion industry leader, despite its smaller $12 billion market cap compared to eBay's $46 billion. GameStop's core retail business is shrinking due to digital shifts, but aggressive cost-cutting and a $9 billion cash reserve support profitability. This bold acquisition attempt signals GameStop's push to expand beyond traditional retail and capitalize on higher-margin areas like collectibles.