Author: TechFlow
The big players are back.
After being silent for half a month, Roaring Kitty, who became famous for her long position in GameStop stock, posted a "flip card" from the UNO card game on Twitter today.
Regardless of what this tweet implies or implies, since Roaring Kitty's personal image has been deeply tied to the concept of Wall Street Bets Themed, as soon as this tweet came out, the Solana chain token of GameStop stock $GME with the same name $GME rose by nearly 300% in a short period of time, and $GME on the ETH chain soared by nearly 800%.
Old wine in new bottles, an old trick of celebrity effect?
Last month, Roaring Kitty tweeted for the first time in three years, which triggered a surge in $GME and the token of the same name. During this period, Roaring Kitty continued to post various film and television clips on Twitter.
Even such a seemingly incomprehensible expression has attracted people's attention. Almost every short video posted by Roaring Kitty on Twitter has a memecoin of the same name following suit.
For Roaring Kitty herself, this may just be a spur of the moment expression, but for the leeks, they cannot ignore it. After all, every tweet may be an undiscovered gold mine.
It may seem outrageous to pull up the stocks that are strongly related to the celebrities' own concepts, but for players in the cryptocurrency circle, they have already witnessed the market's wave after wave of favoritism.
After Musk expressed his love for $DOGE many times through tweets, the price of $DOGE seemed to be strongly tied to his words and deeds.
Every time Musk mentioned Dogecoin in 2021, $DOGE was followed by a huge pump, which was repeatedly unsatisfactory. The influence of this wealth-creating effect snowballed, and even later the monitoring of Musk's tweets reached the millisecond level.
To this day, Musk is still a top figure in the cryptocurrency circle, and countless eyes in the market are still closely watching his every tweet, expecting that the code to wealth will emerge from one of his tweets.
The same is true for the previously hyped “founders and small animals” concept, such as V God’s cat, Solana founder Toly’s dragon, Ploygon founder Sandeep’s pet elephant, etc…
What makes people flock to them is certainly not the cute little animals themselves. The essence of the hype in the pet sector is the sinking of celebrity influence.
The influence of celebrities themselves attracts people's attention to the target meme hype, and some celebrities themselves also take the initiative to "promote" the meme, just like a spark on an oil tank, which will ignite as soon as it touches something.
Of course, celebrities who are influential themselves are well aware of this. Caitlyn Jenner, the prototype of the $Jenner coin that went viral last week, also quickly gained popularity:
Which GME concept memes are worth paying attention to?
Stock token of the same name
$GME
The two GameStop stocks’ eponymous tokens $GME are currently the hottest targets:
$AMC
Similar to the narrative of $GME, $AMC is also the token of the same name as the U.S. stock $AMC. As the largest cinema in North America, $AMC is also a target that North American retail investors are keen to speculate on. Judging from the price performance, $AMC is also obviously affected by the Roaring Kitty’s tweet, rising by nearly 700% before falling back.
Character Tokens
$Kitty is the token of the same name as Roaring Kitty. It skyrocketed in May after Roaring Kitty made her first tweet in three years. Today, it rose by nearly 1000% and then fell back following Roaring Kitty’s new developments.
Wall Street Bets Concept
$WSB and $WSM
There are also $WSB and $WSM that directly point to the theme of Wall Street Bets
It can be seen that the current market demand is becoming more and more simple and crude. The wealth effect of the attention economy has crushed the pure fundamentals party time and time again. Everyone needs their investment to be loud and clear. It would be great if a piece of news could directly pull up the market. So now a picture of Roaring Kitty can easily drive the flow of hundreds of millions of dollars in funds.
Musk's dog, Vitalik's cat, Kitty's GME, nothing has changed...
Attention is like a flag in the hands of celebrities. With just a wave of their hands, it is no exaggeration to say that retail investors will come at their call.
But attention also has a shelf life, and the market is more willing to pay for emerging new hot spots, even if this new hot spot is just an old story with a new skin.
It remains to be seen whether Roaring Kitty’s “comeback” is just a whim, but what is certain is that the crypto market will never lack new hot spots and fans willing to pay for them.
