{"id":15130,"date":"2024-06-23T15:45:13","date_gmt":"2024-06-23T19:45:13","guid":{"rendered":"https:\/\/sikaoer.com\/solana-based-memecoin-gme-surges-by-300-on-roaring-kittys-return\/"},"modified":"2024-06-23T15:45:13","modified_gmt":"2024-06-23T19:45:13","slug":"solana-based-memecoin-gme-surges-by-300-on-roaring-kittys-return","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/solana-based-memecoin-gme-surges-by-300-on-roaring-kittys-return\/","title":{"rendered":"Solana-based memecoin $GME surges by 300% on Roaring Kitty’s return"},"content":{"rendered":"


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Keith Gill, also known as \u201cRoaring Kitty,\u201d a famous trader linked to the 2021 GameStop short squeeze, reappeared on social media on Sunday. His return sparked a frenzy in the meme coin market, especially the Solana-based memecoin $GME. The memecoin saw its value more than triple, with its market cap surpassing $100 million\u2014a 300% jump over the past hours, according to data from CoinMarketCap.<\/p>\n

At the time of writing, $GME is trading at around $0.0147. Trading volumes surged over sixfold to over $150 million.<\/p>\n

Meanwhile, Kitty-themed coins, such as Kitty AI, have also seen their values double amid the hype.<\/p>\n

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\"Sapphire\"\n<\/div>\n<\/div>\n

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Gill\u2019s reappearance on the social network X comes two weeks after he posted for the first time in three years. In his latest return, he posted the reverse card from the game Uno.<\/p>\n

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pic.twitter.com\/zUuccrKWZr<\/p>\n

\u2014 Roaring Kitty (@TheRoaringKitty) June 3, 2024<\/p>\n<\/blockquote>\n

The trader also reappeared on Reddit for the first time since last April, posting a screenshot indicating the purchase of 5 million GME shares for $115.7 million and an investment of $65.7 million in call options with the expectation that GME\u2019s share price would reach at least $20 by June 21.<\/p>\n

\"Keith<\/p>\n

Following the Reddit post, GameStop\u2019s shares reacted swiftly, with the price soaring 19.19% to $27.5 within 20 minutes. Prior to this event, GameStop\u2019s shares had closed at $23.14, marking a 38.8% increase since the start of the year, according to data from Google Finance.<\/p>\n

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