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Home Crypto News GameStop (GME) Meme Coin Skyrocketed 97% Following Roaringkitty Livestream Announcement
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GameStop (GME) Meme Coin Skyrocketed 97% Following Roaringkitty Livestream Announcement

  • by Dhaval
  • 2024-06-08
  • 0 Comments
  • 1 minute read
  • 1150 Views
  • 2 years ago
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GameStop (GME) Meme Coin Skyrocketed 97% Following Roaringkitty Livestream Announcement

The Solana-based meme coin GameStop (GME) skyrocketed 97% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. 

The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). 

https://x.com/unusual_whales/status/1798763680185872517

For the past seven days, GME growth has surpassed 395%, eclipsing the performances of all the Solana meme coins listed on CoinGecko.

Keith Gill, RoaringKitty’s real identity, is one of the main figures behind the GameStop stock price leap in 2020. 

The livestream notification also prompted a daily growth of 47.5% on GME stock, now priced at $46.55 each. As a result, Gill’s position in GME stocks is now worth over $586 million.

Keith Gill Posting His GME Stock Position On Reddit

The token Roaring Kitty (KITTY) showed an even more impressive performance, with a 196% daily gain. 

GameStop (GME) Meme Coin Skyrocketed 97% Following Roaringkitty Livestream Announcement
Keith Gill posting his GME stock position on Reddit

 

Deep F*cking Value (DFV), a token inspired by Gill’s other known alias, also displayed a three-digit rise by soaring 163% in the same period.

Even the token AMC, which references another stock related to Gill’s pump efforts back in 2020, benefited from the livestream scheduling and has risen 109% at the time of writing.

GameStop (GME) Meme Coin Skyrocketed 97% Following Roaringkitty Livestream Announcement
GME Price Chart | Source: Coinstats

 

Notably, the recent price leaps on GME-related tokens based on Solana raised the total market cap of meme coins deployed on this blockchain to nearly $10 billion, surpassing the investment portfolios of firms such as OKX Ventures and Sequoia Capital.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Dhaval

Dhaval

Author
Dhaval Aggarwal covers cryptocurrency markets and Web3 venture investing for BitcoinWorld. His reporting focuses on funding rounds, exchange listings, on-chain treasury activity, and the partnerships connecting crypto-native firms with traditional finance. Since joining the desk in 2023, he has tracked the deal flow behind major Layer-2 networks, Bitcoin treasury programs, and institutional adoption stories. He writes daily news pieces for active traders and longer analyses for readers following where the next cycle of crypto growth is heading.
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