Meme Coins Inspired by GameStop Surge Over 100 During GME Stock Frenzy

GameStop Corp. Cl A (NYSE: GME) stock has recently been experiencing increased volatility, driven by the return of the well-known meme stock trader Keith Gill, also known as Roaring Kitty, after a hiatus of over three years from social media. The frequent halts in GME trading on traditional exchanges have opened up opportunities for the development of meme coins amidst the current bullish trend in the crypto market.

GameStop-Inspired Meme Coins Take Off
With news that Gill’s GME portfolio is nearing the $1 billion mark, several GameStop-inspired meme coins have seen significant gains in the last 24 hours. For example, Solana-based Roaring Kitty (KITTY) surged by nearly 300% to reach approximately $0.0344 on Friday.
Ethereum-based Roaring Kitty (ROAR) also rallied over 126% to trade at around $0.00154 at the time of writing.

The price of Solana-based GME (GME) increased by more than 115% to approximately $0.025, with a daily average trading volume exceeding $357 million and a market cap of about $202 million.
Similarly, the Ethereum-based GME coin saw an 83% surge in the last 24 hours, trading at approximately $0.00006286.

Looking at the Bigger Picture
The rise of parody meme coins following the GameStop phenomenon reflects the growing FOMO in the crypto market. The meme coin industry now boasts a market cap of nearly $69 billion and a daily average trading volume of over $5.8 billion.
The lack of action from the US SEC against Gill suggests that a surge in meme coin activity could spark a new altseason. Additionally, the dominance of Bitcoin is showing signs of a reversal, with notable pumps in Ethereum (ETH) and BNB.

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Meme Coins