Solana meme coin GME surges 65% as Roaring Kitty announces comeback
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Solana meme coin GME surges 65% as Roaring Kitty announces comeback

Posted on by Amelia Pressman

Key insights

  • The Solana-based meme coin surged 65% following Roaring Kitty’s cryptic message.
  • GameStop shares surged 15%, prompting trading halts due to volatility.

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GameStop champion Keith Gill, known as “Roaring Kitty,” sparked market moves after sharing a cryptic message

GME Meme Coin Chart (TradingView)

GME stock rose more than 15% after Gill posted a Time magazine cover showing a computer with an old video player, prompting trading halts on Robinhood due to volatility.

A GameStop-inspired meme coin on the Solana blockchain saw a 65% increase in value, showing the continued influence of meme culture on traditional and digital asset markets.

Gill’s social media activity wields significant market influence after playing a central role in the 2021 GameStop rally, which saw the stock rise 10,000% and led to congressional hearings on retail trading practices.

The trading restrictions imposed during this period led to accusations of market manipulation, particularly as large hedge funds maintained significant short positions in GME.

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