2 days Ago By Aniket Verma
Cryptocurrencies tied to Keith Gill , aka Roaring Kitty , witnessed a massive spike overnight on Wednesday after the legendary trader dropped a Rick James -themed GIF. What happened : The post showed comic icon Dave Chappelle impersonating star musician James , although its market reference was not immediately clear. But that hardly mattered to cryptocurrency degens.
Solana SOL/USD -based meme coin GmeStop (GME) spiked over 13% in the last 24 hours, while BNB Chain BNB/USD -based GameStop Coin (GME) exploded 328%, data from CoinMarketCap revealed. These coins were themed around GameStop Corp. GME , the meme stock at the center of Roaring Kitty’s historic short squeeze of 2021.
Even coins labeled around the word Kitty benefitted, with Solana-based Kitty AI rallying over 6% in the 24-hour period. Cryptocurrency Gains +/- Price (Recorded at 10 p.m.
ET) GameStop Coin (GME) +328.20% $0.002759 GmeStop (GME) +13.
03% $0.004094 Kitty AI (Kitty) +6.01% $0.
0003319 See Also : ‘Pharma Bro’ Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor It should be noted that these meme coins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the speculations of a short squeeze of the meme stock and a possible repetition of the 2021 event. Roaring Kitty returned to social media in 2024 after a three-year hiatus and has been sporadically posting through his X account. His posts have invariably moved the stock and the cryptocurrency markets .
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