Benzinga and Yahoo Finance LLC may receive a commission or profit from certain items linked below.
Legendary trader Keith Gill, popularly known as Roaring Kittyreturned to social media on Thursday, sparking a wild surge in cryptocurrencies associated with GameStop Corp. (NYSE:GME).
What happened: GameStop (GME) is up nearly 65% in the past 24 hours, setting new all-time highs.
The Ethereum (CRYPTO: ETH) coin rose to $0.00025 when Posted by Roaring Kitty X first surfaced before plummeting to $0.00019, according to CoinMarketCap.
The token has witnessed frenzied trading activity with a 453% jump in volume.
Don’t miss:
Another coin based BNB network (CRYPTO: BNB), namely GameStop Coin (GME), soared 82%, accompanied by a 14% jump in trading volume.
Memcoin, named after Howling Kitty herself, received as much as 25% of the development.
|
Cryptocurrency |
Gain +/- |
Price (recorded at 8:00 PM EDT previous day) |
|
GameStop Coin (GME) |
+82.23% |
USD 0.00007312 |
|
GameStop (GME) |
+65% |
$0.0001994 |
|
Roaring Kitty (ditch) |
+25.78% |
0.006612 USD |
The volatility was the result of a curious message by Roaring Kitty, which showed a cover of TIME magazine with a computer with a video screen. Video paused at 1:09 minutes, total duration 4:20.
For the uninitiated, “420” is slang for smoking marijuana, especially around 4:20 PM in cannabis culture. It can also refer to holidays related to cannabis which take place on April 20 every year
Trending: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you’ll be working until you die.” Paying 7.5% – 9%, these high-yielding real estate notes make passive income easier than ever.
The Time reference may suggest that investors have time to buy GameStop or other stocks before a key event.
Please note that these memecoins are not fundamentally connected to GameStop or Roaring Kitty, but simply play on speculation about short-squeezing meme stocks and a possible repeat of the legendary trader’s historic event in 2021.
