Keith Gill, also known as Roaring Kitty, ignites a surge in GameStop and a rally in meme coins.

Last Sunday, Keith Gill, also known as Roaring Kitty, a well-known GameStop stock trader, returned to Reddit Inc. (NYSE: RDDT) in a significant way. His reappearance led to a nearly 100% increase in GME shares during premarket trading on Monday. Gill shared that his stock portfolio is currently valued at over $110 million, placing him in the ranks of top “whale” investors.

The sudden increase in GameStop stocks also caused a surge in meme coins associated with the media corporation.

The popularity of GameStop causes a surge in Meme Coin value.

Over the past 24 hours, numerous meme coin initiatives across various blockchains experienced noteworthy profits for initial backers. The meme coin market expanded by 2%, hitting approximately $66.8 billion, and had a daily trade volume of approximately $5.9 billion.

The GameStop surge resulted in significant gains for meme coins that were influenced by Wall Street assets such as GME and AMC. One example is the Ethereum-based GME, which saw a tenfold increase, and the Solana-based GME, which rose by over 200% in a span of 24 hours.

Experts in Cryptocurrency Forecast a Productive Week to Come

A popular cryptocurrency expert, Scofield, who uses the X platform, anticipates a bustling week in the meme coin market due to Gill’s heightened online presence. Scofield has suggested meme coins with solid underlying factors, including Dogecoin (DOGE), Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Shiba Inu (SHIB), and Bonk (BONK).

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Out of all these, Floki Inu is particularly notable for its increase of more than 16% within the last 24 hours.