GameStop and kitty-themed meme coins surge with double-digit gains

Three Roaring Kitty-inspired meme coins marked double-digit price increases over the past day.

Amid a slight rise in the overall meme coin market cap, CoinMarketCap (CMC) data shows that GME, KITTY, and ROAR also surged over 10%.

The three tokens appear to have benefited from their affiliations with GameStop trader Keith Gill despite the fact that there is no official affiliation with the original meme stock champion. On Wednesday, GME, KITTY, and ROAR were up 10%, 20%, and 15%, respectively, over the previous day.

GME uses the same ticker as video game retailer GameStop, while KITTY is based on Gill’s online nickname, Roaring Kitty. Both the tokens are Solana-based, but ROAR is based on Ethereum, cryptocurrency’s second-largest blockchain.

Gill rose to prominence in 2021 when he rallied support for GameStop (GME). At the time, the video game retailer struggled to stay relevant during a short squeeze because its stock price was far lower than its all-time high.

The investor disappeared from the public eye until this year when he reappeared on social media with a series of X posts. As several cat-themed meme coins surged on Gill’s return, the GME investor revealed his GME stock and options positions on Reddit. On June 7, the trader broadcast a YouTube livestream for the first time in three years.

His occasional posts continue to cause volatility in GameStop and Kitty-themed meme coins.

At the time of writing, GME was trading at $0.00636, up 10.58% in the previous 24 hours, according to CMC data. GameStop stock closed 5.7% higher at $28.54 during Tuesday’s regular trading hours.