GameStop Trader's Return Sparks 34,000% Memecoin Explosion

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In 2021, a legend was born. Keith Gill, AKA Roaring Kitty, made millions betting on GameStop stock. He sparked a memestock craze that ended with Seth Rogen starring in Dumb Money.

Now, Roaring Kitty is back after a three-year hiatus on social media.

His tweets on Monday sent GameStop shares spiking 75%. More tweets on Tuesday meant another 60% rally.

But unlike in 2021, there are now memecoins to go with memestocks — which are spiking even more (because they are somehow even more nonsensical.) In fact, as impressive as GameStop’s two-day 135% rally is, there is a memecoin that’s already clocked a 34,000% return over the same time.

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But before we get to that one — a word of appreciation for the creativity that has been popping up on the memecoin launch platform pump.fun. (It’s kind of a hilarious mini-incubator that lets anyone create their own memecoins on Solana with just a few clicks. Literally name it, throw some artwork up and you’re off to the races.)

Tuesday saw even more people trying to get in on the game to make some money of their own — but to steal attention away with a new memecoin in this (attention) economy means you gotta be catchy and good. Enter two of my personal favorites: Roaring Shrek, and Roaring Fishy (ticker: GILLS.)

And yet, as funny as those memecoins were, it was a token that was merely named after GameStop that stole the show. Maybe it’s because it snagged the actual $GME ticker. Maybe it’s because its “GmeStop” logo looks just like GameStop. But just over the last couple days, GmeStop is up more than 30,000%. Its market cap is now $120 million. That’s good enough to be a top-400 crypto currency.

That is insane. Like, kinda makes you wonder why you have a job, insane. Why are we all working when we can just buy a memecoin of a memestock and rake in generational wealth?

Maybe because we all know the music is going to stop again sometime soon. But even then — GameStop is a real company with reality waiting to pull it back down to earth. GmeStop, on the other hand, seemingly can stay irrational forever. Be careful!

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AI breakthroughs happen every day. But where do you learn to actually apply the tech to your work? Join The Rundown — the world’s largest AI newsletter read by over 600,000 early adopters staying ahead of the curve.

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