Legendary Trader Roaring Kitty Sparks Wild Cryptocurrency Surge
GameStop-Themed Coins Soar as Roaring Kitty Returns to Social Media
The cryptocurrency market experienced a sudden surge on Thursday, with GameStop-themed coins leading the charge. The catalyst behind this unexpected rally was the return of legendary trader Keith Gill, better known as Roaring Kitty, to social media.
A Mysterious Post Sets Off the Frenzy
Roaring Kitty’s X post featured a TIME magazine cover with a paused video screen, sparking intense speculation among investors. The video was paused at 1:09 minutes, with a total length of 4:20 – a subtle nod to cannabis culture. This enigmatic post sent GameStop-themed coins soaring, with some experiencing gains of over 80%.
GameStop Coin (GME) Leads the Charge
The Ethereum-based GameStop Coin (GME) saw its value skyrocket by 82%, accompanied by a 14% jump in trading volume. Another coin based on BNB Chain (CRYPTO: BNB), also named GameStop Coin (GME), surged 65%. Even a memecoin named after Roaring Kitty himself shot up by 25%.
Cryptocurrency Gains
| Coin | Gain | Price |
| — | — | — |
| GameStop Coin (GME) | +82.23% | $0.00007312 |
| GameStop (GME) | +65% | $0.0001994 |
| Roaring Kitty (ROAR) | +25.78% | $0.006612 |
Speculation Runs Wild
The sudden surge in GameStop-themed coins is largely driven by speculation. Investors are hoping to replicate the historic 2021 short squeeze event, where GameStop’s stock price skyrocketed. However, it’s essential to note that these memecoins have no fundamental ties to GameStop or Roaring Kitty.
GameStop Stock Sees After-Hours Gains
Shares of GameStop were up 3.04% in after-hours trading, following a 5.92% gain during Thursday’s regular session.
The Power of Social Media
Roaring Kitty’s social posts have proven to be highly influential, moving both traditional and cryptocurrency markets this year. As investors continue to speculate about the meaning behind his latest post, one thing is clear – Roaring Kitty’s return to social media has sent shockwaves through the financial world.
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