Meme Coins Linked to GameStop and Roaring Kitty Surge with Double-Digit Gains

Three Roaring Kitty-inspired meme coins have experienced notable double-digit price increases over the past day, reflecting a slight rise in the overall meme coin market cap, according to CoinMarketCap (CMC) data. The tokens, GME, KITTY, and ROAR, surged over 10% amid market movements.

These tokens appear to have capitalized on their association with GameStop trader Keith Gill, despite lacking official ties to the original meme stock champion. On Wednesday, GME, KITTY, and ROAR recorded gains of 10%, 20%, and 15%, respectively, over the previous day.

GME shares the ticker with the video game retailer GameStop, while KITTY derives its name from Gill’s online persona, Roaring Kitty. Both GME and KITTY are Solana-based tokens, whereas ROAR operates on Ethereum, the second-largest blockchain in cryptocurrency.

Keith Gill gained prominence in 2021 by rallying support for GameStop (GME), at a time when the retailer struggled to maintain relevance during a short squeeze. Gill reemerged on social media this year, sparking interest in cat-themed meme coins. Following his return, Gill disclosed his GME stock and options positions on Reddit and hosted a YouTube livestream on June 7, his first in three years.

Gill’s sporadic posts continue to influence volatility in GameStop and Kitty-themed meme coins. At the time of writing, GME was trading at $0.00636, up 10.58% over the previous 24 hours, per CMC data. Additionally, GameStop stock closed 5.7% higher at $28.54 during Tuesday’s regular trading hours.

source