GameStop

Roaring Kitty

Kitty

<p class="is-style-lead">Three Roaring Kitty-inspired memecoins marked triple-digit price increases over the past week.</p> 
<p>Despite a slight decline in the overall memecoin market cap, <a href="https://www.coingecko.com/en/coins/roaring-kitty-solana" target="_blank" rel="">CoinGecko</a> data showes that GME, KITTY, and ROAR whipsawed over 100%.&nbsp;</p> 
<p>The three tokens have seemingly benefitted from associations with GameStop trader Keith Gill, although no official affiliation exists with the original memestock champion. On Friday, GME, KITTY, and ROAR are up 445%, 817%, and 107%, respectively, over the past week.&nbsp;</p> 
<p>GME shares an identical ticker with video game retail company GameStop and KITTY is styled after Gill’s Roaring Kitty online alias. Both tokens are Solana-based, while ROAR lives on Ethereum, crypto’s second-largest blockchain.</p> 
<p> You might also like: <a href="https://crypto.news/kitty-token-surges-8000-amid-gamestop-investors-roaring-kitty-comeback/" rel=""> KITTY token surges 8,000% amid GameStop investor’s Roaring Kitty comeback </a> </p> 
<h2 class="wp-block-heading" id="roaring-kitty-comeback">Roaring Kitty comeback</h2> 
<p>Gill became famous for marshaling support behind GameStop (GME) in 2021. At the time, the video game retailer struggled to maintain relevance during a short squeeze as its stock price was far below its all-time highs.&nbsp;</p> 
<p>The investor vanished from the public eye till this year, returning on social media with a series of posts on X. As some cat-themed memecoins <a href="https://crypto.news/kitty-token-surges-8000-amid-gamestop-investors-roaring-kitty-comeback/" target="_blank" rel="">boomed</a> on Gill’s comeback, the GME investor disclosed his GME stock and options positions on <a href="https://www.reddit.com/r/Superstonk/comments/1d9rq9t/gme_yolo_update_june_6_2024/?utm_source=share&amp;utm_medium=web3x&amp;utm_name=web3xcss&amp;utm_term=1&amp;utm_content=share_button" target="_blank" rel="">Reddit</a>.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Roaring Kitty, DeepFuckingValue has updated his GameStop, <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$GME</a> position.<br><br>He is worth now over $586 MILLION, with a 219% gain so far. <a href="https://t.co/OM7nMayCvZ" target="_blank" rel="">pic.twitter.com/OM7nMayCvZ</a></p>— unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1798811129516597722?ref_src=twsrc%5Etfw" target="_blank" rel="">June 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>At press time, Gill’s GameStop portfolio was valued at over $500 million despite a 28% <a href="https://www.google.com/search?q=GME+stock&amp;oq=GME+stock&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQABiPAjIHCAIQABiPAtIBCDIwMTRqMGo3qAIIsAIB&amp;sourceid=chrome&amp;ie=UTF-8" target="_blank" rel="">fall</a> in GameStop’s stock price on the day. The company <a href="https://www.cnbc.com/2024/06/07/gamestop-gme-q1-earnings.html" target="_blank" rel="">posted</a> a sharp 29% sales decline in its first-quarter earnings report.</p> 
<p>If GME stock rises to $65 per share, the value of Gill’s position could hit $1 billion. Also, Gill is hosting a YouTube Live stream for the first time in three years. Crypto.news noted over 78,000 people in the waiting room ahead of the event, which is scheduled for 4 PM UTC.&nbsp;</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Roaring Kitty Live Stream - June 7, 2024" width="1020" height="574" src="https://www.youtube.com/embed/U1prSyyIco0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
</figure> 
<p> Read more: <a href="https://crypto.news/roar-spikes-300-following-roaring-kittys-gamestop-announcment/" rel=""> ROAR spikes 300% following Roaring Kitty’s GameStop announcement </a> </p>

Roaring Kitty-themed memecoins unfazed by GameStop Q1 earnings

Table of Contents

crypto.news

Other articles published on Jun 7, 2024

BEVM Visionary Builders (BVB) Program Launches a 60 Million Ecosystem Incentives Program

What is Elliott Wave Theory, and how to use it in crypto?

Analyst Predicts TRUMP Coin Surge

Ethereum Classic Offers Unique Blockchain Features

MoonBag, the Top Crypto Presale, Induces Slothana & Render Investors with 15000% ROI and 88% APY

Finance: What does it mean to be wealthy in France in 2024?

Join our free newsletter for daily crypto updates!