Gamestop (GME) was trending today, performing well during the opening of the session on the stock market, due to the publication of a well-known figure called Roaring Kitty on Sunday night. This caused the price to skyrocket and other related #memecoins also followed this effect on price. Which memecoins started to resurface? Let's explore.
Roaring Kitty was known in 2020 and 2021, due to her key role in the so-called "Short Squeezy" by Gamestop. At that time individual investors coordinated to buy #acciones from #gamestop , where many could win, especially Roaring Kitty.
On the other hand, there were large funds that lost money such as Malvin Capital that had "short" positions. After this, regulators in the United States accused Roaring Kitty of "market manipulation."
Thus, Roaring Kitty, identified as Keith Gills, made a publication on the "X" platform on Sunday, after having remained "inactive" since 2021. He only published the meme of a man sitting in a chair so that the price of Gamestop (GME) shares rose again.
Gamestop's share price at the opening of the stock market rose +110%.
AMC Entertainment (AMC), which is also part of the "Meme stocks," rose more than 78% on Monday.
This great movement of "MEME stocks" was replicated in #Criptomonedas . That is why memecoins with this theme began to rise in the #Solana network. The first is GME rising over 1,500% in the last 24 hours.
Another one that follows is the AMC memecoin with more than 7,000% in the last 24 hours, among others.
While other well-known memecoins also had their jump, we have the PEPE memecoin. This memecoin broke its previous high, rising 17% in the last 24 hours.
There is no doubt that today there has been a great movement for memecoins in general, and no one expected to see this again. Maybe it's the start of a bigger push? We'll see.
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