web3.0Cryptocurrencies Linked to Legendary Trader 'Roaring Kitty\' Surge Higher on High Short Interest in Meme Stock, GameStop Corp. GME
GameStop GME/USD, the Solana SOL/USD-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours.
Meme stock GameStop Corp. (NYSE:GME) cryptocurrencies soared higher Tuesday.
Solana (SOL)-based meme coin, named after the historic 2021 short squeeze, rose 10% over the past 24 hours.
Meanwhile, Kitty AI (KITTY) rallied 25%, showing a 10% increase in 24-hour trading volume.
Both memecoins have no fundamental connection to GameStop or Roaring Kitty but capitalize on speculation surrounding a potential short squeeze of the meme stock, echoing the event of 2021.
Keith Gill, known online as “Roaring Kitty,” has reignited interest in both the stock and cryptocurrency markets following his return to social media in May.
The trader has shared updates on his positions via Reddit and even hosted a livestream during market hours on his YouTube channel.
His infrequent posts continue to drive volatility in both GameStop and Kitty-themed memecoins.
At press time, GME crypto was trading at $0.00661, showing a gain of 10.84% over the past 24 hours, according to data from Benzinga Pro. GME stock closed the regular trading session up 5.85% at $28.58.
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