Three meme coins inspired by Roaring Kitty have seen significant price increases over the past day. Recent data reveals that GME, KITTY, and ROAR each surged over 10%, reflecting a slight rise in the overall meme coin market cap.
The tokens seem to have gained traction due to their association with GameStop trader Keith Gill, despite the lack of official affiliation with the original meme stock champion. On Wednesday, GME saw a 10% increase, KITTY rose by 20%, and ROAR climbed 15% compared to the previous day.
GME uses the same ticker as GameStop, the video game retailer, while KITTY is based on Gillβs online nickname, Roaring Kitty. Both GME and KITTY are Solana-based tokens, whereas ROAR is based on Ethereum, the second-largest blockchain in the cryptocurrency world.
Gill gained widespread attention in 2021 when he rallied support for GameStop (GME). At that time, the video game retailer was struggling to maintain its relevance during a short squeeze, as its stock price was significantly lower than its all-time high.
βHis occasional posts continue to cause volatility in GameStop and Kitty-themed meme coins.β
After disappearing from the public eye, Gill reemerged on social media this year. He posted a series of updates on X, revealing his GME stock and options positions. On June 7, he conducted a YouTube livestream for the first time in three years, causing a stir in the meme coin market.
At the time of writing, GME is trading at $0.00636, marking a 10.58% increase over the last 24 hours. During Tuesdayβs regular trading hours, GameStop stock closed 5.7% higher at $28.54.
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