Roaring Kitty’s Rick James meme sparks 328% surge in GameStop Coin

Roaring Kitty (CRYPTO:KITTY), known for his involvement in GameStop’s short squeeze in 2021, recently posted a Rick James-themed GIF, causing a significant rally in meme coins associated with him.

The post, which featured a clip of Dave Chappelle impersonating Rick James, led to a surge in the prices of several tokens linked to GameStop and Kitty.

GameStop Coin, based on the BNB Chain, saw its value rise by an astounding 328%, reaching a price of $0.002759.

Meanwhile, the Solana-based (CRYPTO:SOL) GME (CRYPTO:GME) token spiked by 13% during the same period.

These tokens are inspired by the GameStop stock and Roaring Kitty’s role in the 2021 short squeeze, although they have no direct connection to the company or the trader.

Additionally, other tokens with “Kitty” in their name also experienced price increases.

Kitty AI, a Solana-based token, rose by 6% in the 24-hour period following the meme’s viral spread.

While the tokens gained significant value, they are largely speculative, driven by the hype surrounding the idea of another GameStop short squeeze.

The meme stocks and tokens continue to attract attention based on their connection to Roaring Kitty’s past actions, even though there are no fundamental ties to GameStop.

Roaring Kitty, who had taken a break from social media, returned in 2024 and has been posting sporadically on X.

His posts have had a noticeable impact on both the stock and cryptocurrency markets, influencing the price movements of various assets tied to his name.

At the time of reporting, the Roaring Kitty price was $0.002702.