Roaring Kitty's Cryptic Post Ignites GameStop and Memecoin Surge

1 min read
Source: Benzinga
Roaring Kitty's Cryptic Post Ignites GameStop and Memecoin Surge
Photo: Benzinga
TL;DR Summary

Legendary trader Keith Gill, known as Roaring Kitty, returned to social media, causing a surge in GameStop-themed memecoins. The Ethereum-based GameStop coin rose 65% before settling, while another BNB Chain-based coin increased by 82%. A memecoin named after Roaring Kitty also saw a 25% rise. These coins, which have no fundamental ties to GameStop, are driven by speculation and the potential for a short squeeze similar to the 2021 event. Roaring Kitty's posts have significantly impacted both traditional and crypto markets.

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