Is the meme coin mania back to crypto?
Meme coins are trending in the cryptocurrency market after a month of low activity. Renewed interest surged when the famous meme trader Keith Gill returned to social platforms on May 13. Gill, known as Roaring Kitty, inspired the GameStop (NYSE: GME) short squeeze in 2021 and a following Dogecoin (DOGE) pump.
Data from Santiment’s SanBase Pro, Vinicius Barbosa, for Finbold on May 14 shows a recent meme coin trend taking shape. In particular, PEPE leads the charge among today’s trending coins, followed by FLOKI, DOGE, Shiba Inu (SHIB), and dogwifhat (WIF).
Roaring Kitty’s return: GameStop and meme coin mania
Roaring Kitty, a pseudonymous for Keith Gill, reactivated his X (formerly Twitter) account after three years of idle. Sided with its last post from June 18, 2021, the account’s timeline shows the meme of a ‘gamer’ taking an active position to start playing on May 12.
Since then, Roaring Kitty has continued posting a series of mysterious videos, which cryptocurrency and stock traders are eagerly trying to decode in an attempt to identify the next meme coin pump—similar to what happened in 2021 after the event with GameStop.
