Roaring Kitty-inspired memecoins post triple-digit gains amid GameStop stock surge

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The Block2024/06/07 10:25

By:Brian McGleenon

Roaring Kitty-themed memecoins — GME, KITTY, and ROAR — saw dramatic increases in value.Keith Gill, known as “Roaring Kitty,” announced a return to YouTube, also leading to a spike in GameStop’s share price.

Roaring Kitty-themed memecoins have posted triple-digit gains after GameStop's stock surged over the past 24 hours.

According to CoinGecko data, memecoins GME, KITTY and ROAR gained 160%, 330% and 150%, respectively — and are currently trading for $0.03088, $0.0377, and $0.001584.

GameStop shares surged on Friday in pre-market trading after Keith Gill, known as "Roaring Kitty," revealed plans to appear on YouTube for the first time in three years. Gill had previously inspired retail investors to support the struggling video game chain.

The Roaring Kitty YouTube channel has over 700,000 subscribers and announced that Gill had scheduled a live stream for today. After the announcement, GameStop's stock price soared — now up by 31% in pre-market trading to $61.21.

GME is a Solana-based memecoin using the same ticker symbol as GameStop stock but has no official affiliation with the video game retailer. ROAR and KITTY are themed around the Roaring Kitty online persona of Gill, who was involved in the GameStop short squeeze three years ago, but again have no official connection to the investor.

The GMCI Meme Index , which tracks the largest memecoins by market cap, was down 1.48% at 366.34 at publication time.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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