👽👽👽Roaring Kitty sparks a jump in GameStop shares, setting the stage for gaming tokens to soar👽👽👽
Gaming tokens to rise as Roaring Kitty boosts GameStop stock.
After Roaring Kitty invested $175 million on GameStop, shares surged.
GME's rally boosted ALICE, TLM, and MOBOX.
Solana-based meme coin GME rose 300% after Roaring Kitty's article.
Roaring Kitty's big GameStop bets on Monday boosted gaming tokens.
GameStop might boost gaming tokens.
Keith Gill, known online as Roaring Kitty, revealed a $175 million wager on GameStop, sending its stock price up early Monday. Just over a month after his self-imposed social media isolation, this discovery emerged. The stock finished at $23.14 on Friday but began the week at $40 before falling to $29.
Gaming tokens are rallying after Roaring Kitty's announcement.
In the bull market, gaming tokens have underperformed various categories. After investors took Bitcoin gains and moved funds to games, most of their values rose in early March.
when three years in the shadows, gaming tokens exhibited a price spike in mid-May when Roaring Kitty tweeted. These coins are poised for growth after his GME announcement.
Also read: GameStop shorts lose over $1 billion on Monday despite meme-stock demand.
Following GameStop's stock news, My Neighbor Alice (ALICE), Alien World (TLM), and Mobox (MBOX) are among the top gaming gainers.
ALICE tops the gaming token rally with a 66% price increase in 24 hours.
Other tokens follow MBOX's 13% rise.
Roaring Kitty's allegations also boosted Solana-based meme token GME. The meme coin's moniker likeness to GameStop may have driven its 232% price increase.
Given that meme currencies have soared with GameStop stocks in the past, crypto community members have speculated that a meme currency rally may be approaching.
