Gamestop and Wall Street Bets-related meme coins are experiencing a significant rise on Friday, with many achieving double and triple-digit increases. The token roaring kitty (KITTY) climbed 161%, while GME is up 80% over the past day.
Gamestop-Related Meme Coins Surge With Roaring Kitty Up 161%, GME Token Up 80%
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Keith Gill Speculation Drives Roaring Kitty and GME Tokens to New Heights
While Gamestop shares have had a disappointing day, dropping between 20% to 30% against the U.S. dollar, the meme stock-centric tokens have shown notable gains. There’s speculation that Keith Gill, the person behind the accounts ‘Roaring Kitty’ and ‘Deepf***ingvalue,’ will allegedly be doing a livestream like he used to do in 2021. For example, the meme token GME rose 80% against the greenback and reached an all-time high today at $0.03189 per unit.
Although it’s down 30% from that peak, the GME token is still up 70% for the day. Roaring kitty (KITTY), a Solana-based meme coin, increased by 161% against the U.S. dollar and also hit an all-time high of $0.04309 per coin. KITTY is now down 30% from that peak, similar to the GME token. There are four coins with the ticker WSB, and all four recorded double-digit gains, albeit smaller than the aforementioned GME and KITTY.
Today’s explosive performance of Gamestop-related meme coins highlights a speculative frenzy often observed in the meme token space, though it remains unclear whether these assets will sustain their upward trajectory. As traders and enthusiasts rally around icons like Keith Gill, the market’s whimsical nature continues to dictate these spikes and falls. Most of the time, the history of such volatile trends often results in swift and unpredictable reversals.
What do you think about the upswing in GME and Wall Street Bets-related crypto assets? Share your thoughts and opinions about this subject in the comments section below.
