The post showed comic icon Dave Chappelle impersonating star musician James, although its market reference was not immediately clear.
Cryptocurrencies linked to Keith Gill, also known as Roaring Kitty, experienced a significant surge overnight after the legendary trader shared a Rick James-themed GIF.
The post featured comic Dave Chappelle impersonating music icon James, though its market-related implication was not instantly evident. However, this did not deter cryptocurrency enthusiasts.
Solana (SOL) based meme coin GmeStop (GME) soared over 13% in the last 24 hours, while BNB Chain (BNB) based GameStop Coin (GME) surged 328%, according to data from CoinMarketCap.
These coins are themed around GameStop Corp. (NYSE:GME), the meme stock at the heart of Roaring Kitty's legendary short squeeze in 2021.
Even coins named after the word "Kitty" saw gains, with Solana-based Kitty AI rising over 6% in the 24-hour period.
It's important to note that these meme coins have no direct affiliation with GameStop or Roaring Kitty but capitalize on the speculation surrounding a potential meme stock short squeeze and a repeat of the 2021 event.
Roaring Kitty, who played a pivotal role in the GameStop short squeeze, returned to social media in 2024 after a three-year hiatus and has been posting occasionally through his X account. His posts have consistently impacted the stock and cryptocurrency markets.
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