Meme coins GME, AMC, ROAR rally as GameStop trader Keith Gill returns to X
GameStop and AMC-themed memecoins saw massive spikes after influencer Keith Gill, better known as Roaring Kitty, made a comeback on X.
GME (GME), a Solana-based meme coin with no ties to the American video game company, surged over 70% to $0.7672. The rally was accompanied by a 203% hike in its daily trading volume to $51.23 million.
GME (Ethereum), a similar meme coin on the Ethereum network, also benefited from Gill’s return, surging over 51% to hit an all-time high of $0.0002487 on Dec. 6. However, it has since dropped 21%, according to CoinGecko data.
Meanwhile, AMC, the meme coin created to mimic AMC Entertainment, a movie theater chain, rallied over 50%, while KITTY and ROAR, meme coins inspired by Gill’s online persona, both jumped over 45%.
All of the aforementioned meme coins rallied after Gill’s Dec. 6 X post, marking his first post on the platform in three months. The post featured an altered version of a 2006 Time magazine photo illustration that paid homage to YouTube.