🚀🪙 This Solana Meme Official Coin Launch: On Investors' Sights With 1,500% Gain 📈📉

The price of the Chewy (CHWY) meme coin on the Solana blockchain has increased by more than 1,500% in the past 24 hours. Data from DEX Screener reveals that CHWY's market value has reached $10 million following this unexpected increase. Launched on June 27, CHWY has seen tremendous growth. It first rose more than 13,500%, then fell 96% and is now 15 times more valuable.

However, there is an obvious catalyst for the recent price increase: Keith Gill, better known as Roaring Kitty, is trading with Chewy Inc. in a new SEC filing. announced its 6.6% stake in the company. Gill is famous for his role in the GameStop short sale in 2021. It's worth noting that Chewy is an online retailer specializing in pet food and products.

Interestingly, Gill shared a picture of a cartoon dog against a blue background on X three days before the meme emerged. Coincidentally, the Solana meme character Chewy also appeared at the same time. $SOL