Pepe The Frog

when

Shiba Inu

GameStop

The Frog

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 <p class="paragraph">Meme coins are trending in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market after a month of low activity. Renewed interest surged when the famous meme trader Keith Gill returned to social platforms on May 13. Gill, known as Roaring Kitty, inspired the GameStop (NYSE: GME) short squeeze in 2021 and a following Dogecoin (DOGE) pump.</p>
 <p class="paragraph">Data from <em>Santiment’s SanBase Pro</em>, <em>Vinicius Barbosa,</em> for Finbold on May 14 shows a recent meme coin trend taking shape. In particular, PEPE leads the charge among today’s trending coins, followed by FLOKI, DOGE, Shiba Inu (SHIB), and dogwifhat (WIF).</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="506" src="https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp" alt class="wp-image-175836" srcset="https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp 1024w, https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp 300w, https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp 768w, https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp 1536w, https://cdn.thebittimes.com/images/2024/05/14/1c1817802bdaf9adcb77c992b066c3ce.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Trending Coins on May 14. Source: <em>Santiment</em> / <em>Vini Barbosa</em> for Finbold
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 </figure>
 <p class="paragraph">Notably, the Ethereum-based meme token of Pepe The Frog has surged over 21% in the last 24 hours at $0.000011. It is a similar level reached in early March due to a massive meme coin boom. Moreover, PEPE’s social dominance (bars) has jumped to record highs of 2.46% of the market’s overall social interest.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Other meme coins have not followed PEPE’s price action yet. However, as these coins trend in social indicators, traders wonder if the meme coin <a rel="noopener noreferrer nofollow" title="mania" href="https://thebittimes.com/tag/mania.html">mania</a> is back to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency trading.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="557" src="https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp" alt class="wp-image-175840" srcset="https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp 1024w, https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp 300w, https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp 768w, https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp 1536w, https://cdn.thebittimes.com/images/2024/05/14/9fb73363983262e53dfcde4d1f069825.webp 2038w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Trending Coins on May 14. Source: <em>Santiment</em> / <em>Vini Barbosa</em> for Finbold
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 </figure>
 <h2 class="wp-block-heading" id="h-roaring-kitty-s-return-gamestop-and-meme-coin-mania">Roaring Kitty’s return: GameStop and meme coin mania</h2>
 <p class="paragraph">Roaring Kitty, a pseudonymous for Keith Gill, reactivated his X (formerly Twitter) account after three years of idle. Sided with its last post from June 18, 2021, the account’s timeline shows the meme of a ‘gamer’ taking an active position to start playing on May 12.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="zxx" dir="ltr">pic.twitter.com/YgjVqtgcNS</p>— Roaring Kitty (@TheRoaringKitty) May 13, 2024
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 <p class="paragraph">Interestingly, on Monday, GameStop’s stock jumped 45% the day after Gill’s mysterious activity. GME trades at $30.45 as its last known price. However, a <em>CNBC</em> report highlights a 130% surge in today’s pre-market, with GameStop dominating the stock market attention.</p>
 <p class="paragraph">Since then, Roaring Kitty has continued posting a series of mysterious videos, which <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency and stock traders are eagerly trying to decode in an attempt to identify the next meme coin pump—similar to what happened in 2021 after the event with GameStop.</p>
 <p class="paragraph">Related words have dominated <em>Santiment</em>‘s trending feed: “gme, gamestop, kitty, and roaring.”</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="641" src="https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp" alt class="wp-image-175842" srcset="https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp 1024w, https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp 300w, https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp 768w, https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp 1536w, https://cdn.thebittimes.com/images/2024/05/14/d5408eeec31cecdbbf6874cbe7a0bd80.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Trending Words on May 14. Source: <em>Santiment</em> / Finbold
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 <p class="paragraph">In this context, it is worth the warning that trading meme coins or meme stocks can be extremely risky. The risk of ruin with this asset class is high.</p>
 <p class="paragraph">Furthermore, experts warn of “The Greater Fool” theory dynamics that resemble financial bubbles, when the “<a rel="noopener noreferrer nofollow" title="mania" href="https://thebittimes.com/tag/mania.html">mania</a>” disappears and the late buyers remain with massive losses of assets that have no organic demand besides the highly speculative nature of traders trying to outplay the market, but being outplayed as soon as the “music stops.”</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/is-the-meme-coin-mania-back-to-crypto-tbt88303.html">https://thebittimes.com/is-the-meme-coin-mania-back-to-crypto-tbt88303.html</a></p>

Is the meme coin mania back to crypto?

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