Author: Oliver Knight, CoinDesk; Translated by: Baishui, Golden Finance
The Wolverine Meme Coin was minted immediately after The Roaring Kitty posted a video featuring the X-Men character.
Various tokens related to GameStop and Melvin Capital have also been issued.
Wolverine-related meme coins have flooded multiple blockchains after The Roaring Kitty, the figure behind the Gamestop meme stock frenzy, posted a video of the X-Men character on the X social media platform.
Following the tweet, more than 30 new tokens were listed on Pump.fun, with others also launching on Ethereum and Solana, according to Dextools.
The Roaring Kitty, whose real name is Keith Gill, returned to social media on Monday after a three-year absence, posting a meme that hinted at gaining attention, leading to a general rise in meme stocks and weekly volatility in Gamestop stock (GME) and some cat-related meme coins.
Following the success of dogwifhat (WIF) and bonk (BONK), meme coins have become a key component of the recent cryptocurrency bull run. As investors try to find the next dogecoin (DOGE) or pepe (PEPE), many tokens have surged to market caps of over $1 billion.
Many newly minted memecoins faced sharp declines soon after launch as bad actors took advantage of the memecoin hype and drained away liquidity.
The return of The Roaring Kitty could bring a new narrative to memecoin trading. The immediate growth of the X-Men character and memecoins associated with Gamestop and Melvin Capital (the hedge fund that was squeezed out of its GME short three years ago) shows a clear convergence between TheRoaringKitty’s traditional financial following and crypto memecoins.
