Three memecoins inspired by Roaring Kitty experienced significant price surges in the past week, with GME, KITTY, and ROAR all seeing triple-digit increases, according to CoinGecko data. Despite a slight decrease in the overall memecoin market cap, these three tokens saw impressive gains of over 100%.
While GME shares a ticker symbol with GameStop and KITTY is influenced by Keith Gill’s online persona, ROAR operates on the Ethereum blockchain. GME and KITTY are both based on Solana. The surge in prices for these tokens is believed to be linked to their association with the GameStop trader, although there is no official connection between them.
Keith Gill, also known as Roaring Kitty, gained fame for his involvement in the GameStop saga earlier this year. After disappearing from the public eye, he made a comeback on social media, which coincided with the rise of cat-themed memecoins. Despite a 28% drop in GameStop’s stock price, Gill’s portfolio was valued at over $500 million, and he could potentially reach a billion-dollar position if GME shares reach $65.
In addition to his financial ventures, Gill is set to host a YouTube Live stream for the first time in three years, with over 78,000 people waiting eagerly for the event scheduled for 4 PM UTC. The anticipation surrounding Roaring Kitty’s return has also led to a 300% spike in the price of the ROAR token following his GameStop announcement.