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Monday, June 10, 2024
HomeCryptoMemecoins GME and KITTY increase by double digits after Roaring Kitty's new...

Memecoins GME and KITTY increase by double digits after Roaring Kitty’s new tweet

A new X post by legendary trader Keith Gill, better known as Roaring Kitty, has created fresh volatility for the memecoins GME and KITTY.

Gill, who has attracted a mix of positive and negative comments over the last month, shared the opening scene from Christopher Nolan’s “The Dark Knight” on Sunday night.

This tweet comes after a series of events that put Gill in the spotlight. His recent return to YouTube attracted more than 700,000 live viewers, where he discussed his investment in gaming retailer GameStop and his faith in the company’s CEO Ryan Cohen.

However, this comeback caused GameStop’s stock price to drop 39%. Gill’s explanation for the large investment in GameStop did not satisfy many, leading to a significant market reaction.

Following the latest tweet, several Gamestop and Kitty-themed memecoins saw double-digit increases, including the Solana and Ethereum memecoin GME and the KITTY token.

Source: Coinmarketcap

At this time last week, post Roaring Kitty’s Reverse Uno Carda has tripled the value of Solana system GME. However, memecoin dropped 60% following the trader’s much-hyped YouTube livestream.

Traders have become cautious about Roaring Kitty and his bets, and GME’s moderate price action over the past week appears to back up this point.

Annie

Bitcoin Magazine

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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