Keith Gill’s livestream announcement triggers a meme coin frenzy on Solana.
The Solana-based meme coin GameStop (GME) skyrocketed 94% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). For the past seven days, GME growth has surpassed 395%, eclipsing the performances of all the Solana meme coins listed on CoinGecko.
GME meme coin price in the past 24 hours. Image: CoinGecko
Keith Gill, RoaringKitty’s real identity, is one of the main figures behind the GameStop stock price leap in 2020. The livestream notification also prompted a daily growth of 47.5% on GME stock, now priced at $46.55 each. As a result, Gill’s position in GME stocks is now worth over $586 million.
Keith Gill posting his GME stock position on Reddit
The token Roaring Kitty (KITTY) showed an even more impressive performance, with a 196% daily gain. Deep F*cking Value (DFV), a token inspired by Gill’s other known alias, also displayed a three-digit rise by soaring 163% in the same period.
Even the token AMC, which references another stock related to Gill’s pump efforts back in 2020, benefited from the livestream scheduling and has risen 109% at the time of writing.
Notably, the recent price leaps on GME-related tokens based on Solana raised the total market cap of meme coins deployed on this blockchain to nearly $10 billion, surpassing the investment portfolios of firms such as OKX Ventures and Sequoia Capital.