GameStop Corp. Cl A (NYSE: GME) stock has been experiencing increased volatility recently, thanks to the return of the legendary meme stock trader Keith Gill, also known as Roaring Kitty, after a three-year hiatus from social media. The frequent halts in GME trading on traditional exchanges have paved the way for the emergence of meme coins amidst the current bullish crypto market.

Meme Coins Inspired by GameStop Soar
In light of Gill’s near $1 billion GME portfolio, several GameStop-inspired meme coins have seen significant gains in the past 24 hours. For example, Solana-based Roaring Kitty (KITTY) saw a surge of nearly 300% to reach $0.0344 on Friday.
Ethereum-based Roaring Kitty (ROAR) also rallied over 126% to trade at $0.00154 at the time of writing.

The price of Solana-based GME (GME) has increased by more than 115% to around $0.025, with a daily traded volume exceeding $357 million and a market cap of approximately $202 million.
Similarly, Ethereum-based GME coin surged over 83% to trade at $0.00006286 in the past 24 hours.

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 traded volume of over $5.8 billion.

With the US SEC showing no opposition to Gill, the meme coin frenzy could potentially spark a new altseason. Additionally, the dominance of Bitcoin is showing signs of a reversal, with notable pumps in Ethereum (ETH) and BNB.

Tags: Meme Coins

GameStop Corp. Cl A (NYSE: GME) stock has been experiencing increased volatility recently, driven by the triumphant return of the well-known meme stock trader Keith Gill, known as Roaring Kitty, after a hiatus of over three years from social media. However, the frequent halting of GME trading on traditional exchanges has paved the way for the emergence of meme coins in the midst of the current bullish trend in the crypto market.

The Rise of GameStop-inspired Meme Coins
With the news that Gill’s GME portfolio is nearing the $1 billion mark, various GameStop-inspired meme coins have seen significant gains in the last 24 hours. For example, Solana-based Roaring Kitty (KITTY) has surged by almost 300 percent in the past day, reaching a price of around $0.0344 on Friday.

Ethereum-based Roaring Kitty (ROAR) has also experienced a rally of over 126 percent in the last 24 hours, trading at approximately $0.00154 at the time of writing.

The price of Solana-based GME (GME) has increased by more than 115 percent, hovering around $0.025 currently. The daily average traded volume of the Solana-based GME coin has spiked to over $357 million, with a market cap of approximately $202 million.

On the other hand, the Ethereum-based GME coin has surged by over 83 percent in the past day, trading at around $0.00006286.

Looking at the Bigger Picture
The surge of parody meme coins inspired by GameStop’s success reflects the growing crypto FOMO (Fear Of Missing Out) in the market. The meme coin industry has now surpassed $69 billion in market cap, with a daily average traded volume exceeding $5.8 billion.

The absence of any action from the US SEC against Gill suggests that a heightened frenzy around meme coins could potentially lead to a new altseason. Additionally, the dominance of Bitcoin has shown signs of an imminent reversal, with notable pumps in Ethereum (ETH) and Binance Coin (BNB).

Tags: Meme Coins