Meme Coins Soar as GameStop Trader Roaring Kitty Makes Return
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Roaring Kitty, an infamous trader credited with igniting the 2021 GameStop frenzy, has returned after a three-year hiatus, and meme coin prices have exploded as a result.
The total meme coin market cap has gained 8.8% over the past 24 hours, while some individual projects have seen much more significant upswings.
Meme Tokens Outpace the Market on Roaring Kitty Return
While the total crypto market cap is green today and up 2.1%, it has been decisively outpaced by meme coins as Roaring Kitty resurfaces.
Keith Gill, known as Roaring Kitty, returned to social media after three years. He shared a sketch of a gamer leaning forward, alluding that things are about to get serious.
Gill was at the centre of GameStop’s 2021 frenzy, where retail investors on social media sites like Reddit and YouTube mounted a Wall Street rebellion by “short-squeezing” TradFi players.
The trader’s tweet garnered an explosive reaction with over 22 million views and responses from top crypto industry figures.
Prominent Solana meme coin trader Ansem responded, “Hey bro, what are we buying?”
This is the top-performing response, reflecting that traders seek more meme coin exposure.
Analyst DeFi Victor underscored that the leading meme coins, DOGE, SHIB, PEPE, and BONK, have averaged a significantly higher gain than other crypto sectors today.
Currently, the top eight meme coins by market cap have notched at least 6% gains over the past 24 hours.
Pepe spearheads the move, up 19% today. Meanwhile, Popcat is another prominent meme coin that has seen success, currently up 27%.
However, lower market cap meme coins have witnessed the most significant gains. For instance, the newly launched GME, which holds the same ticker as GameStop, has soared 211% today and peaked much higher in the hours following Roaring Kitty’s return.
Meanwhile, a meme coin paying homage to the decorated retail trader, called Roaring Kitty, has pumped 306% today and currently holds a $28 million market cap.
Interestingly, this token launched over one month before Roaring Kitty’s return and experienced significant bearish momentum.
Meme stocks like GameStop, AMC Entertainment, and Trump Media also surged following Roaring Kitty’s return to X.
The revival has also sparked excitement for WienerAI, a new presale crypto that has surged past $1.7 million total raised.
Could WienerAI be the Next Meme Coin to Pump?
Roaring Kitty’s return is great for the meme coin sector, rekindling the utopian memetic zeitgeist from 2021.
However, the new AI meme coin-crossbreed WienerAI is seeing outsized gains as investors race for the lowest presale price.
Positioned at the crux of crypto’s two hottest narratives, the return of a memetic legend only adds to WienerAI’s bull case.
On the surface, WienerAI is a sausage-dog-themed token that is vying to establish a “sausage army” for meme coin domination.
But that’s just his market-facing narrative. Behind his puppy-dog eyes is an avant-garde AI trading bot that supercharges its users’ trading capabilities.
Predictive, instant, MEV-free, and noob-friendly are all qualities you would look for in a revolutionary trading bot, and that’s precisely what WienerAI delivers.
In a bid for long-term stability and growth, WienerAI has launched a staking layer that currently provides a 554% APY. However, this will decrease as the staking pool grows.
The WienerAI presale total raise reflects a deep-rooted market appetite and lays the way for an explosive IEO.
Market participants can currently buy $WAI for $0.000706, but this price will rise throughout the presale. The next uptick will occur in four hours or when the total raise hits $1.8 million.
