|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Roaring Kitty's CHWY Stock Disclosure Skyrocketed Another Solana Memecoin
Jul 02, 2024 at 12:19 am
Solana-based project Chewy (CHWY) rose as much as 500% on Monday after meme stock trader ‘Roaring Kitty,’ legally known as Keith Gill, disclosed a 6.6% ownership stake in the online pet retailer Chewy Inc. via an SEC filing.
Solana-based project Chewy (CHWY) soared another 500% on Monday after meme stock trader ‘Roaring Kitty,’ legally known as Keith Gill, disclosed a 6.6% ownership stake in the online pet retailer Chewy Inc.
The Chewy token on Solana serves no apparent purpose beyond being a speculative play on the thriving memecoin scene. However, Gill's SEC filing on Monday appears to have sparked another wave of interest in meme coins linked to the popular trader.
On June 27, Roaring Kitty shared an image of a cartoonish dog on X. Sometime between June 27 and 28, anonymous developers created the Chewy meme token, using Gill's social media post as the main inspiration.
pic.twitter.com/jQBMX4jwjR
Chewy became the latest Solana memecoin to benefit from its association with Roaring Kitty, despite the lack of any official connection between Gill and the project. Similar trends were observed with other Roaring Kitty-inspired memecoins, such as GME, KITTY, and ROAR.
CHWY Shareholder Accused of Manipulating GME Stock
Solana's CHWY price action coincided with a legal development, as a class-action lawsuit was filed against the famous GME trader by one Martin Radev. The complaint alleges that Gill manipulated GameStop stock by orchestrating a “pump-and-dump” campaign through cryptic social media posts on Reddit and X.
The filers claim that Gill purchased a large number of GME stock options and then returned to social media on May 12 to “pump his bags.” However, as reported by crypto.news on Monday, former federal prosecutor Eric Rosen expressed skepticism about the lawsuit's validity.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bancolombia's Wenia Partners with Solana for Faster, Cheaper Transactions
- Sep 25, 2024 at 06:25 pm
- Bancolombia's crypto app, Wenia, has recently extended its services by incorporating top DeFi projects such as Solana to make transactions faster and cheaper for users.
-
- House Committee on Finance Services Grills The SEC Over Unfair Crypto and NFT Market Regulation
- Sep 25, 2024 at 06:25 pm
- The United States House Committee on Finance Services has grilled the United States Securities and Exchange Commission over unfair crypto and NFT market regulation for the past three years.
-
- Bitcoin (BTC) Price Anticipates a Rocket as China Cuts Interest Rates, ETH Drops Marginally
- Sep 25, 2024 at 06:25 pm
- Today, the global crypto market prices reflected a slight uptick, trying to sustain the rally ignited following the Federal Reserve rate cut. However, the uptrend among top altcoins was mostly marginal
-
- Bitcoin (BTC) ETFs Remove Nearly Five Times Daily Supply as Ethereum (ETH) ETFs See Strong Rebound
- Sep 25, 2024 at 06:25 pm
- Ether ETFs experienced a $62.5 million inflow, marking its third-largest day since launch.
-
- Savvy Crypto Traders Are Betting on These Altcoins — Are You Missing Out?
- Sep 25, 2024 at 06:25 pm
- Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin👇
-
- The SEC Approves Options Trading for the BlackRock Bitcoin ETF (BTC)
- Sep 25, 2024 at 06:25 pm
- The landmark decision, which applies to the BlackRock Bitcoin ETF, marks the first time the SEC has permitted options trading on a Bitcoin ETF
-
- This Bitcoin Indicator Looks ‘Very Much’ Like in 2016, Here’s Why March Was Not BTC Price Cycle Top
- Sep 25, 2024 at 06:25 pm
- Crypto analyst CryptoCon shared insights on Bitcoin’s price trends, challenging the idea that March 2024 marked the peak of its cycle.
-
- Bitcoin (BTC) Next Cycle Top Set To Occur In 2025, Here's Why
- Sep 25, 2024 at 06:25 pm
- Amidst rising discussions within the general crypto community about Bitcoin’s next cycle top, a market expert has offered insights on the pressing subject and a potential timeline for the largest digital asset to experience a price peak in the ongoing cycle.
-
- Sui Price Prediction: SUI Eyes New ATH as It Soars 13% in 24 Hours to Trade at $1.71
- Sep 25, 2024 at 06:25 pm
- The Sui price soared 13% in the last 24 hours to trade at $1.71 as of 3.10 a.m. EST on trading volume that skyrocketed 68% to $1.03 billion.