Crypto News – Roaring Kitty Gill’s GameStop Shares Surge: A Game-Changing Move
Crypto News – Keith Gill‘s homecoming, which is strongly associated with the 2021 stock market boom for GameStop, has caused a tremendous influx of Solana-based meme currencies via the pump.fun protocol. In the past 24 hours, Gill—a financial analyst and investor also known as Roaring Kitty—posted a meme on X, resurfacing for the first time in years. GME Stonks, GameOver, and KiethGillWifHat are just a few instances of tokens created through pump.fun.
Pump.fun, a website that lets anyone launch meme coins for just 0.02 SOL, had its biggest deployment day on Sunday after Gill shared a picture of a man leaning forward in a chair and holding a video game controller. According to a Dune dashboard, a record 14,500 distinct meme coins were issued using pump.fun on that particular day.
Pump.fun Team Sends Gill a Tweet
Around 7,400 additional Solana tokens were created by pump.fun on Monday, perhaps keeping pace with Sunday’s rate of creation. “Today is a good day for cats, that’s for sure,” the pump.fun account tweeted on X, seemingly alluding to Gill’s nickname, which is cat-themed, and an influx of tokens that go along with it.
Pump.fun has noted the drawbacks of meme coins, such as the potential for “rug pulls” to cause volatile assets’ value to drop. By asking Gill on X if he would be “interested in grifting (on his) followers with a coin launch,” the pump.fun crew was essentially urging him to take part.
FAQ
Why is GameStop Up?
After trader Keith Gill, sometimes known online as “Roaring Kitty,” reappeared four years after spearheading an investment frenzy involving the video game store, GameStop shares surged more than 72% on Monday.
How Much did Keith Gill Make on GameStop?
Gill’s profits from GameStop during the short squeeze are unknown, however Business Insider stated that at the peak of the upswing, his stock holdings in the gaming firm were valued at $48 million.
What Does Pump.fun Do?
For the Solana and Blast blockchains, Pump.fun has developed into a hub for memecoin creation and trading. It attracted both novices and seasoned cryptocurrency users with its focus on usability when it was first launched in early 2023.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment