🚀 Solana-based memecoin Chewy (CHWY) soared 500% after 'Roaring Kitty' Keith Gill revealed a 6.6% stake in Chewy Inc. The Chewy token, with little utility, is a speculative bet in the thriving memecoin ecosystem. 🐾 This surge follows Gill's cartoon dog post on June 27, which inspired the creation of the Chewy token. Other Roaring Kitty-inspired memecoins like GME, KITTY, and ROAR have also seen similar trends. Concurrently, Gill faces a class-action lawsuit accusing him of a "pump-and-dump" scheme with GameStop stocks. What are your thoughts on this memecoin frenzy? 🤔💭