Keith Gill, famously known as \u201cRoaring Kitty,\u201d has made a return to the scene after a short break, marking a momentous event with potential long-term consequences for meme coins.<\/p>\n
Roaring Kitty shared his first post on his X platform on June 2, revitalizing meme coin markets just like he did in the prior month with his initial post. This resurgence saw a significant surge in various meme coin values.<\/p>\n
GME, a meme coin rooted in Solana paying homage to the GameStop short squeeze of 2021, has witnessed a meteoric rise of over 200% in the past day, spurred by Roaring Kitty’s post. Additionally, its trading volume has soared by 1,200% in the same timeframe. GME has been a prominent gainer since Roaring Kitty’s earlier return, reaching a new all-time high in May.<\/p>\n
The surge in GME’s value is linked to Roaring Kitty’s pivotal role in the 2021 GameStop short squeeze, where he and Reddit traders instigated a financial revolt against institutional short sellers. Moreover, other leading meme coins have also seen remarkable gains subsequent to Roaring Kitty’s recent communication.<\/p>\n
Dogecoin (DOGE), amidst a prolonged downturn, observed a 2% price increase in the last 24 hours. Concurrently, Pepe (PEPE), Dogwifhat (WIF), and Floki (FLOKI) have experienced gains of 4%, 5%, and 12% respectively.<\/p>\n
Crypto analyst Crypto Kaleo expressed in an X post that this resurgence could mark just the start of a substantial rally for meme coins. He cautioned crypto investors against disregarding DOGE and other meme coins should GameStop (GME) shares witness a significant surge following Roaring Kitty’s stock position disclosure.<\/p>\n
In a Reddit post under his pseudonym ‘DeepFuckingValue,’ Roaring Kitty shared a snapshot indicating his acquisition of 5 million GME shares for $115.7 million and $65 million in GME calls, expiring on June 21.<\/p>\n
Remarkably, GME’s stock surged during pre-market trading subsequent to Roaring Kitty’s revelation. According to Crypto Kaleo\u2019s forecast, meme coins might experience further price hikes, especially if GME continues its upward trajectory post-market opening.<\/p>\n
If Roaring Kitty initiates another meme coin frenzy akin to the 2021 episode when Shiba Inu recorded an unprecedented 460,000,000% price rise, newer meme coins like Dogwifhat and PEPE are projected to lead the charge.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Keith Gill, famously known as \u201cRoaring Kitty,\u201d has made a return to the scene after a short break, marking a momentous event with potential long-term consequences for meme coins. Impact of Roaring Kitty\u2019s Reappearance on Meme Coin Prices Roaring Kitty shared his first post on his X platform on June 2, revitalizing meme coin markets […]<\/p>\n","protected":false},"author":1,"featured_media":13040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Implications of Roaring Kitty\u2019s Comeback on Meme Coin Market - Bitrabo","description":"Keith Gill, famously known as \u201cRoaring Kitty,\u201d has made a return to the scene after a short break, marking a momentous event with potential long-term consequenc"},"footnotes":""},"categories":[316],"tags":[880,4558,682,4559,496,1212,540,1219,3326],"class_list":["post-13039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-coin","tag-gamestops","tag-heres","tag-kitty","tag-market","tag-means","tag-meme","tag-return","tag-roaring"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=13039"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/13039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/13040"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=13039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=13039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=13039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}