Meme Coins
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
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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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