Roaring Kitty’s Return Sends Chewy Memecoin Soaring on Social Sentiment

The Chewy memecoin surged by nearly 30% after Keith Gill, also known as “Roaring Kitty,” made a mysterious social media post on X.

Keith Gill, also known as “Roaring Kitty,” made a mysterious social media post on X, which led to a nearly 30% surge in the Solana-based Chewy memecoin (CHWY) despite no clear endorsement from him. In fact, the message was anything but clear.

The Chewy token soared by 28% after Gill's post, which showed the Chewy memecoin. According to CoinMarketCap, the Chewy token reached $0.011 against Solana (SOL).

Memecoins like Chewy often rely on social media sentiment rather than any technical value. Gill’s post, while cryptic, triggered a strong reaction from traders, leading to the surge in Chewy memecoin’s price. The image he shared was seen by many as an indirect signal, even though its meaning remains unclear.

However, Gill's post may also be hinting at him distancing himself from the Chewy memecoin. The image he shared is from Toy Story, showing a scene where Andy drops his favorite toy, Woody. But in this version, the Chewy token logo replaces Woody, which many are interpreting as a sign that Gill is dropping his involvement with Chewy.

Back in July, Gill revealed that he held a 6.6% stake in the online pet retailer Chewy. This ownership likely inspired the creation of multiple Chewy-themed memecoins, including the Chewy token on Solana.

Following Gill's post on X, a $2 million purchase of GameStop (GME) shares was made, as noted by market tracker Unusual Whales in a Sept. 6 X post. While it’s unclear if Gill’s post had any direct influence, the timing of the GameStop stock buy has raised speculation.