On May 28, GME and KITTY memecoins rose in price by 19% and 55%, respectively, along with GameStop shares, which added about 25%.
According to CoinGecko, both coins have already sunk in price after a sharp impulse. At the time of writing, GME is trading at $0.004658, and KITTY is trading at $0.003511.
After the close of trading on May 28, GameStop securities were valued at $23.78 on the NYSE exchange.
GME is a meme token using the same ticker as GameStop shares. KITTY got its name from former financial analyst Keith Gill, who uses the pseudonym The Roaring Kitty.
The expert and member of the WallStreetBets subreddit is known for the "war" unleashed by retail traders against Wall Street in 2020. On May 13, 2024, GameStop and AMC stock prices rose by more than 75% after Gil's unexpected return.
In parallel, the rest of the meme token segment has grown. Over the past day, the total market capitalization of the direction increased by 6.6% to $72.4 billion.
Dynamics of the memcoin segment. Data: CoinGecko.The SHIB coin grew by 16% in 24 hours, taking 11th place in the top of the largest cryptocurrencies. WIF increased by 21%, and the "political" meme token MAGA increased by 27%.
The GMCI Meme Meme index increased by 19% over the week, and has added 323% since the beginning of the year.
The daily schedule of GMCI Meme. Data: The Block.Recall that on May 13, the trader received a 32-fold profit on the KITTY meme token after waking up The Roaring Kitty.
Later, ForkLog reported that long-term investor SHIB earned more than $1 million on the coin in three years.