The ongoing frenzy around meme stocks like GameStop (GME) and AMC continues to make waves on Wall Street, with both companies seeing significant stock price increases—200% for GME and 150% for AMC—over a span of five days.

Amid this surge, Jim Cramer, the host of CNBC's Mad Money, opined that both companies should take advantage of the situation to raise capital by issuing more shares.

Amid this backdrop, socialite Andrew Tate made headlines by investing a whopping $6 million into GameStop, further fueling the meme stock craze that continues to astonish traditional Wall Street circles and investors alike.

This move by Tate highlights the ongoing impact and intrigue of meme stocks, which remain a volatile yet captivating aspect of the current stock market environment.