Roaring Kitty Announces, Solana-Based Meme Coin Prices Rise Threefold

The Meme coin market started to draw pictures similar to the frenzy experienced in 2021.

Keith Gill, known as Roaring Kitty or DeepF**kingValue on social media, has updated his personal portfolio.

More than half a billion dollars

The shares and options of Roaring Kitty, which announced that it will broadcast live on YouTube today, are worth a total of 586 million dollars.

Keith Gill became famous during the short squeeze at GameStop during the pandemic. Gill's return to social media after three years moved memecoin prices last month.

GameStop (GME) shares gained 47% after Gill shared his updated portfolio.

Memecoin also affected its price

After Roaring Kitty's post, the GME meme coin also rose. GME has no direct connection to GameStop, but it uses the same code. According to CoinGecko, the GME price is up 111% on a daily basis.

The meme coin named Roaring Kitty (KITTY), developed to commemorate Keith Gill, showed an even more impressive graphic. KITTY price rose 212% in 24 hours to $0.2797.

KITTY was released on March 30, 2024. When Keith Gill made his first social media post in three years on May 13, KITTY's market value rose to $30 million in less than 48 hours.

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