🚀 The special episode of "Dr. Han, What Do You Think" is live!
🎙 Gate.io Founder & CEO Dr. Han takes on a rapid fire Q&A, covering work, life, and some truly tricky questions!
👀 How will he tackle these challenges?
🤩 Click to watch his real-time reactions, and join in the comments!
"GME stock god" returns, what meme coins are degens rushing for?
Roaring Kitty, the "retail stock god" behind the GME short squeeze, has set off a crazy meme boom in both the US stock market and the encryption market after returning to the public eye after three years. At present, the GME popularity is still continuing, and the related memes in the encryption market are also showing a hundred flowers. In the face of splashing traffic, which meme coins are encryption degens charging?
GME Concept
The "GME stock god" returned, and GME naturally became the hottest hype target, but due to the excessive influence of Roaring Kitty, GME appeared longest imitation plates. However, although the consensus is somewhat scattered, the flow of retail stock gods is enough to support every "GME imitation" to gain a huge big pump in a short period of time.
In the new "GME imitation disk" of the public long, the GME deployed on the Ethereum has been favored by more long degen due to the "Ethereum ecology + low circulation market capitalization", and has gained dozens of times pump in the past two days, and the GME of the Base ecology has also created a record high under the support of the "Base Season". The Solana ecosystem has GME-related meme coins, so the new imitation disk pumped in a short period of time and then died quickly.
At present, the GME heat of US stocks is still continuing, but the "GME Consensus" of the encryption market is gradually converging. The GME meme coins of the above-mentioned Ethereum, Base and other ecosystems have all retreated sharply today, and only the "old GME" of the Solana ecosystem is still staying at a high level in sync with the US stock GME. At the time of writing, the Solana veteran GME price remained at an all-time high of $0.018, and the market capitalization doubled from the previous day to $12.5 million.
The concept of "Keith peripherals".
In addition to the GME concept, there are also many meme coins around Roaring Kitty (real name Keith Gill) himself, ranging from personal names and personal items to social platforms and movie IPs.
KITTY
KITTY, the meme coin on Solana, was deployed on March 31 this year, using the concept of the name Roaring Kitty, and falls more than 90% on the second day of its launch, but unexpectedly big pump due to the return of Roaring Kitty. A trader who spent about $3,000 on 17.4 million KITTY the day before Roaring Kitty's tweet is now making more than $100,000 in profit from this tweet. In addition, there is also a related meme market capitalization combined with Solana native meme coin coin WIF RWIF (Roaring Kitty Wif Hat) has also been climbing since its launch yesterday, hitting a 10-fold pump in 24 hours.
The Magig 8 Ball, the "prophecy ball" often used by Keith himself in a YouTube live broadcast three years ago, has also been turned into a meme coin M8B by the community today, but at present, M8B does not have a very good traffic effect due to the concept is too niche.
Reddit
In February 2021, the Wall Street Journal published Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.", interviewing Keith about the entire GME short squeeze incident. On the eve of the GME short squeeze movement, Keith himself on the Reddit platform to the well-known retail investment community WSB (Wall Street Bet) crazy Amway GME stock, after convincing WSB, Keith and WSB joined forces to support GME on social media, and finally achieved the feat of retail investors against Wall Street.
After Keith's return, the Reddit concept meme coin on Solana has also become the "target" of degen retail investors, hitting a record high after a few months of zeroing, but because the consensus is not as good as GME, the REDDIT price is also 50% slump today.
DUMB MONEY
Last year, Keith Gill's GME story was adapted into a movie called "Dumb Money" by Hollywood, which once again caused a stir on social media. Based on Ben Mezrich's new book, Anti Social Web, the film focuses on the story of retail investors in the Reddit WSB community huddling against Wall Street.
According to Dexscreener Solana, DUMB has become the number one Token in the Solana ecosystem by the time coin of writing, with a maximum of 10 times pump in half a day.
"Wall Street Meme Stock" concept
In addition to Keith, the god of retail stocks, "Wall Street retail investors" and related concepts dubbed "meme stock" by the media are equally important, so they have also "benefited a lot" in this meme market.
AMC
After the GME staged a short squeeze, US stock retail investors were highly motivated, and once again staged a short squeeze on AMC, a stock that was also jointly shorted by Wall Street institutions and media. Since then, GME and AMC have become the head representatives of the concept of "Meme Stock", and as long as there is traffic, it must be the appearance of the first foot.
In this wave of GME meme, the AMC concept meme coin on Solana has performed no less than GME. Also months after zeroing, AMC has hit an all-time high of nearly 3 times its all-time high in the past two days, remaining around $0.02 at the time of writing, with a market capitalization of more than $20 million.
WSB
Of course, GME fever must be indispensable to WSB, since GME short squeeze, WSB has become famous, 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 after a brief big pump, it did not escape the fate of returning to zero, and even under this "return to favourable information", WSB was unable to return to historical highs.
HALT
After Keith's return yesterday, the US stock GME pumped again after more than longing years, so the term "pump stop" (Halt) has also become a meme concept that can be charged. Today's Solana appeared on with the concept of "pump stop" meme coin HALT (Solana Exchange Commission), which aims to satirize Wall Street institutional Airdrop and the New York Stock Exchange. According to Dexscreener, HALT ranks second on the Solana Token popularity list so far.
The impact of Keith's return is beyond everyone's influence, and since all his current operations are just crazy videos on X, the market has left enough expectations for the further development of the "return narrative". It is foreseeable that the GME heat will continue for some time, but in the context of insufficient liquidity, this heat may not be able to support all related concepts to blossom, and finding the strongest consensus may be the opportunity. U.S. stocks aside, as far as the encryption market is concerned, the hot meme tide is a fast running game, so you degens should also be aware of the risks.