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Crypto News > Blog > News > Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish | USA
News

Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish | USA

Crypto
Last updated: 2024/12/26 at 9:57 AM
Crypto Published December 26, 2024
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Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish
 | USA
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Cryptocurrencies and actions associated with Roaring Kitty rose on Wednesday after the famous trader expressed his apparent wish for “Merry Christmas.”

Contents
What happenedWhy is it importantGameStop price movementCrypto Keynote USA

What happened

Keith Gillbetter known online as Roaring Kitty, became active on this special day after he posted a picture of a beautifully wrapped gift.

The message conveyed his Christmas wishes and was not as cryptic as some of his previous social media posts.

pic.twitter.com/RLv8w97uPp

— Roaring Kitty (@TheRoaringKitty) December 25, 2024

The frenzy broke out immediately. The actions of GameStop Corp. (NYSE:GME), linked to the historic 2021 Roaring Kitty short squeeze, jumped 7.68% in overnight trading on Robinhood to $33.50.

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Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish
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Cryptocurrencies retain gains on Christmas: Bitcoin and Ethereum lead global market | USA

Meme Cryptocurrencies Lead the Market in 2024: How Did They Achieve Gains of Up to 9,695%?
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Meme Cryptocurrencies Lead the Market in 2024: How Did They Achieve Gains of Up to 9,695%? | USA

Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish
 | USA

Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish | USA

Similarly, the meme Cryptocurrency by the name of GameStop (GME) rose 5% to a market capitalization of $31.26 million, as reported by CoinMarketCap. The cryptocurrency based on Ethereum (CRYPTO:ETH) saw a 43% increase in trading volume in the last 24 hours.

Another cryptocurrency, Kitty Inu (KITTY) soared 17.96% in the last 24 hours.

Read also: Nvidia (NVDA) Stock in Uptrend: What to Expect If It Breaks $145 Resistance?

Why is it important

Notably, these meme cryptocurrencies have no fundamental ties to GameStop or Roaring Kitty, but are instead just playing into speculation of a meme stock short squeeze and a possible repeat of the 2021 event.

Roaring Kitty’s social media posts have dramatically moved the traditional and cryptocurrency markets in 2024, especially after her return in May.

The trader has shared position updates on Reddit and even hosted a live show on his YouTube channel during market hours.

GameStop price movement

GameStop shares closed 0.78% higher at $31.14 during the regular trading session on Tuesday, according to data from Benzinga Pro.

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Read also: Cryptocurrencies retain gains on Christmas: Bitcoin and Ethereum lead global market

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Disclaimer: Please note that the information provided on this page is for News purposes only and should not be considered investment or trading advice. ©Crypto.keynoteusa.com strongly recommends that you conduct independent research and/or consult with a qualified professional before making any investment decisions.
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Roaring Kitty moves the market: GameStop (GME) and meme cryptos skyrocket after a simple Christmas wish
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