Cryptocurrencies linked to legendary trader Roaring Kitty surged higher Tuesday on high short interest in meme stock, GameStop Corp.GME.
What Happened: GameStopGME/USD, the Solana SOL/USD-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours.
Additionally, Kitty AIKITTY/USD shot up 25%, with a 10% jump in 24-hour trading volumes.
Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the speculations of a short squeeze of the meme stock and a possible repetition of the 2021 event.
Why It Matters:Keith Gill,better known online as “Roaring Kitty,” has set the stock and cryptocurrency markets on fire with his social media comeback in May.
Price Action: At the time of writing, GME was exchanging hands at $0.00661, up 10.84% in the last 24 hours, according to data from Be
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