GameStop and kitty-themed meme coins have recently experienced substantial price increases. According to CoinMarketCap (CMC) data, three Roaring Kitty-inspired meme coins, GME, KITTY, and ROAR, surged by over 10% in the past day. These tokens appear to have benefited from their affiliations with GameStop trader Keith Gill, despite lacking an official connection to the original meme stock champion. On Wednesday, GME, KITTY, and ROAR were up 10%, 12%, and 10%, respectively.
GME uses the same ticker as the video game retailer GameStop, while KITTY is based on Gill’s online nickname, Roaring Kitty. Both tokens are Solana-based, whereas ROAR is based on Ethereum, the second-largest blockchain in the cryptocurrency world.
Keith Gill, who rose to prominence in 2021 by rallying support for GameStop (GME), has had a notable impact on these meme coins. At the time, GameStop was struggling to stay relevant during a short squeeze, with its stock price significantly lower than its all-time high. Gill disappeared from the public eye until this year, when he reappeared on social media with a series of posts on X. His return coincided with a surge in several cat-themed meme coins.
The investor’s occasional posts continue to cause volatility in GameStop and kitty-themed meme coins. On June 7, Gill broadcast a YouTube livestream for the first time in three years, revealing his GME stock and options positions on Reddit. This resurgence has spurred renewed interest in the associated meme coins.
At the time of writing, GME, was trading at $0.00636, up 10.58% in the previous 24 hours, also KITTY, was trading at $0.00468, up 12.34% in the previous 24 hours, and ROAR, was trading at $0.00198, up 10.62% in the previous 24 hours, according to CMC data.
