Solana meme coin GME rises 65% as Roaring Kitty signals resurgence

  • December 7, 2024
Solana meme coin GME rises 65% as Roaring Kitty signals resurgence

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Home” Meme Coins” Solana meme coin GME rises 65% as Roaring Kitty signals resurgence

by

Estefano Gomez

Dec. 5, 2024

Roaring Kitty, renowned for driving GameStop’s 2021 rise, triggers restored interest in GME stock and meme coins with puzzling post.

Image: Roaring Kitty X post

Secret Takeaways

  • Solana-based meme coin rose 65% following Roaring Kitty’s puzzling message.
  • GameStop shares saw a 15% boost resulting in trading stops due to volatility.

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GameStop champ Keith Gill, called “ Roaring Kitty, triggered market motions after publishing a puzzling message on X, resulting in rate rises in both GameStop shares and a Solana-based meme coin.

GME meme coin chart (TradingView)

GME stock leapt more than 15% following Gill’ s post of a Time publication cover including a computer system with an old video gamer, triggering trading stops on Robinhood due to volatility.

A GameStop-inspired meme coin on the Solana blockchain saw a 65% boost in worth, showing the continuous impact of meme culture throughout conventional and digital possession markets.

Gill’ s social networks activity brings significant market impact following his main function in GameStop’ s 2021 rally, which saw the stock rise 10,000% and resulted in congressional hearings on retail trading practices.

The trading limitations carried out throughout that duration triggered allegations of market control, especially as significant hedge funds kept substantial brief positions in GME.

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