After the return of "GME Stock God", which meme coins are degens rushing for?

After the return of Roaring Kitty, the "retail investor god" behind the GME short squeeze, after three years, a crazy meme craze has been set off in both the U.S. stock market and the crypto market. At present, the popularity of GME is still continuing, and the related memes in the crypto market are also showing a flourishing situation. In the face of overwhelming traffic, which meme coins are crypto degens rushing for?

Related reading: " How did a retail investor KOL beat Wall Street shorts and make a huge profit of $40 million? "

GME concept

The "GME stock god" has returned, so GME has naturally become the hottest hype target, but due to the excessive influence of Roaring Kitty, GME has appeared in multiple imitations. However, although the consensus is somewhat scattered, the traffic of the retail stock god himself is enough to support each "GME imitation disk" to gain huge gains in a short period of time.

Among the many new "GME imitation disks", GME deployed on Ethereum has been favored by more degens due to its "Ethereum ecosystem + low circulation market value". It has gained dozens of times in the past two days. In addition, GME in the Base ecosystem has also created a historical high under the support of the "Base Season". Because the Solana ecosystem already has GME-related meme coins, the new imitation disk quickly died after a short-term rise.

At present, the popularity of GME in the US stock market is still continuing, but the "GME consensus" in the crypto market is gradually converging. The GME meme coins of the above-mentioned Ethereum, Base and other ecosystems have all experienced a sharp retracement today. Only the "old GME" of the Solana ecosystem is still at a high level in sync with the US stock GME. As of the time of writing, the price of Solana's old GME remained at a historical high of $0.018, and its market value doubled from the previous day to $12.5 million.

"Keith peripheral" concept

In addition to the GME concept, there are also many meme coins around Roaring Kitty (real name Keith Gill), ranging from names, personal items to social platforms and movie IPs.

KITTY

The meme coin KITTY on Solana was deployed on March 31 this year. It used the concept of Roaring Kitty's name. It fell by more than 90% the day after its launch and was on the road to zero, but unexpectedly rose sharply due to the return of Roaring Kitty. A trader spent about $3,000 to buy 17.4 million KITTY the day before Roaring Kitty tweeted. Now he has made a profit of more than $100,000 because of this tweet. In addition, the related small-cap meme coin RWIF (Roaring Kitty Wif Hat) combined with Solana's native meme coin WIF has also continued to rise since its launch yesterday, with a 10-fold increase in 24 hours.

The "prophecy ball" Magig 8 Ball that Keith often used in his YouTube live broadcasts three years ago has also been turned into a meme coin M8B by the community today, but at present, due to the niche concept, M8B does not have a very good traffic effect.

Reddit

In February 2021, the Wall Street Journal published an article titled "Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.", interviewing Keith on the entire GME short squeeze incident. On the eve of the GME short squeeze, Keith himself frantically recommended GME to the well-known retail investment community WSB (Wall Street Bet) on the Reddit platform. After persuading WSB, Keith and WSB worked together to support GME on social media, and finally achieved the feat of retail investors against Wall Street.

Related reading: " Interview with Keith Gill, the short squeeze promoter of GameStop: I support retail investors and their right to speak "

After Keith's return, the Reddit concept meme coin on Solana also became the "target" of degen retail investors, setting a new record after returning to zero for several months. However, because the consensus is not as good as GME, the price of REDDIT was also cut in half today.

DUMB MONEY

Last year, Keith Gill's GME story was adapted into the movie "Dumb Money" by Hollywood, which once again caused a strong response on social media. The movie is based on Ben Mezrich's new book "The Anti-Social Network", focusing on the story of retail investors in the WSB community of the Reddit platform banding together to fight Wall Street.

Today, a meme coin DUMB based on the concept of the movie IP also appeared on Solana. According to Dexscreener, DUMB has become the most popular token in the Solana ecosystem as of the time of writing, with a maximum increase of 10 times in half a day.

The concept of "Wall Street Meme Stock"

In addition to the retail investor Keith himself, the "Wall Street retail investor" and the related concepts dubbed "Meme Stock" by the media are equally important, so they have also "benefited greatly" in this wave of meme market.

AMC

After the big short squeeze on GME, the morale of retail investors in the US stock market was high, and they once again staged a short squeeze on AMC, a stock that was also jointly shorted by Wall Street institutions and the media. Since then, GME and AMC have become the top representatives of the "Meme Stock" concept, and as long as there is traffic, they must be the first and last appearance relationship.

In this wave of GME meme, the performance of the AMC concept meme coin on Solana is no less than that of GME. Also after returning to zero for several months, AMC has directly hit a new historical high in the past two days, nearly 3 times higher than the previous high. As of the time of writing, it is still maintained at around $0.02, with a market value of over $20 million.

WSB

Of course, WSB is indispensable for the GME fever. Since the GME short squeeze, WSB has become famous overnight, so the meme coins related to it have a "long history". The most orthodox WSB concept meme coin was deployed on Ethereum at the beginning of last year, but it did not escape the fate of returning to zero after a short-term surge. Even under this "good news of returning to the market", WSB is unable to return to its historical high.

HALT

After Keith's return yesterday, the US stock GME once again hit the daily limit after many years, so the word "Halt" has also become a meme concept that can charge forward. Today, a meme coin HALT (Solana Exchange Commission) with the concept of "daily limit" appeared on Solana, aiming to satirize Wall Street institutional airdrops and the New York Stock Exchange. According to Dexscreener, HALT is currently ranked second in the Solana token popularity list.

The influence brought by Keith's return exceeds that of everyone else, and since all his current operations are just crazy posting videos on X, market funds have left enough expectations for the further development of the "return narrative." It is foreseeable that the popularity of GME will continue for some time, but in the context of insufficient liquidity, this popularity may not be able to support the flourishing of all related concepts. Finding the strongest consensus may be the opportunity. Putting aside the US stock market, as far as the crypto market is concerned, the meme trend is a running game, so all degens need to pay attention to risks.

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