GameStop (GME), a Solana-based memecoin, surged over 300% within hours of a social post by legendary trader “Roaring Kitty” on June 3. Trading at $0.01309, it remains up 220% in the last 24 hours with a trading volume of $213 million.
Keith Gill, known online as “Roaring Kitty,” gained fame during the 2020 GameStop stock frenzy. His recent cryptic post of a green UNO reverse card on X reignited interest in GameStop-related assets. This follows his return to social media in May, where he shared several enigmatic messages and memes.
Other memecoins like Kitty AI also saw significant gains, doubling in value. Gill’s rare appearance on Reddit on June 2 and his substantial investments in GME shares and call options further fueled the market buzz.
The GameStop memecoin surge highlights the continued influence of retail traders and the potential for significant market movements driven by social media activity.
