Celo (celo) 
Three memecoins inspired by Roaring Kitty have seen significant price increases over the past week. Despite a slight decline in the overall memecoin market cap, data indicates that GME, KITTY, and ROAR have surged more than 100%.
The three tokens appear to have gained from their associations with GameStop trader Keith Gill, although there is no official connection with the original memestock champion. As of Friday, GME, KITTY, and ROAR have increased by 445%, 817%, and 107%, respectively, over the past week.
GME shares the same ticker as the video game retail company GameStop, while KITTY is modeled after Gill’s online alias, Roaring Kitty. Both tokens are based on the Solana blockchain, while ROAR operates on Ethereum, the second-largest blockchain in the crypto space.
Roaring Kitty’s Impact
Keith Gill gained fame in 2021 for his role in rallying support behind GameStop (GME). At that time, the video game retailer was struggling to stay relevant during a short squeeze, with its stock price far below its all-time highs.
Gill disappeared from the public eye until this year, when he returned on social media with a series of posts. As some cat-themed memecoins surged following his comeback, the GME investor revealed his GME stock and options positions on social media.
Roaring Kitty, also known as DeepFuckingValue, has updated his GameStop ($GME) position. He is now worth over $586 million, with a 219% gain so far.
At the time of reporting, Gill’s GameStop portfolio was valued at over $500 million, despite a 28% drop in GameStop’s stock price that day. The company reported a sharp 29% sales decline in its first-quarter earnings report.
Future Projections
If GME stock rises to $65 per share, the value of Gill’s position could reach $1 billion. Additionally, Gill is hosting a YouTube Live stream for the first time in three years. Over 78,000 people are in the waiting room for the event, scheduled for 4 PM UTC.
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