Memecoins
GameStop Rally Takes Roaring Kitty Memecoins to New Heights
Roaring Kitty-themed memecoins have seen massive gains following a surge in GameStop shares over the past 24 hours.
Data from CoinGecko shows that GME memecoins, KITTY, and ROAR skyrocketed 115%, 235%, and 94%, respectively. They are currently trading at $0.02601, $0.0312, and $0.00132.
GameStop shares climbed Friday in premarket trading after Keith Gill, known as “Roaring Kitty.” announcement his return to YouTube for the first time in three years. Gill had already rallied retail investors to support the struggling video game retailer.
🚨🇺🇸BREAKING: ‘ROARING KITTY’ Set to Become a Billionaire as GAMESTOP Stocks Rise
As GameStop ($GME) shares climb to $67.50/share in after-hours trading, “Roaring Kitty,” the investor who helped spark the stock meme frenzy, is poised to become billionaire.
If $GME opens to or… https://t.co/VXJMWwFvXW pic.twitter.com/tpwyVytyWE
– Mario Nawfal (@MarioNawfal) June 7, 2024
YouTube channel Roaring Kitty, which has over 700,000 subscribers, announced a live stream scheduled for today. Following this announcement, GameStop stock price jumpednow up 31% in pre-market trading to $61.21.
GME is a Solana-based memecoin that shares the same ticker symbol as GameStop stock but has no official ties to the retailer. ROAR and KITTY are themed after Gill’s Roaring Kitty character from the GameStop short squeeze three years ago, but have no formal connection to him either.
Impressively, this GME has surged over 5,500% over the past four weeks, reaching a market cap of around $191 million and an average 24-hour trading volume of around $318 million.
Previously, Gill’s return to social media sparked a new coin frenzy. The meme coin market had already seen a rally led by Solana-based projects like Pepe (PEPE) and Floki Inu (FLOKI).
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