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Cat-Themed Cryptocurrencies Surged Thursday after Controversial Trader \'Roaring Kitty\' Returned to Social Media with an Intriguing Post
Cat-Themed Cryptocurrencies Surged Thursday after Controversial Trader \'Roaring Kitty\' Returned to Social Media with an Intriguing Post
Keith Gill, better known online as “Roaring Kitty,” posted a photo of a cartoonish dog, marking his first post since June 18.
A slew of cat-themed cryptocurrencies rallied Thursday evening after a cryptic post by controversial trader "Roaring Kitty."
What Happened: Keith Gill, better known online as “Roaring Kitty,” posted a photo of a cartoonish dog, marking his first post since June 18. The photo shows a dog looking sideways, sticking its tongue out, without any captions.
As has been the case over the last month-and-a-half, cryptocurrencies with "Kitty" in their names began to surge.
Within minutes of the post, Solana (SOL) SOL/USD-based Kitty AI spiked 34% to reach its weekly highs. While profit-taking halted the ascent, the coin still managed to record double-digit gains in the last 24 hours.
Similarly, Kitty Inu bounced more than 4% in the last 24 hours.
See Also: Top Trader Is Long Bitcoin, Ethereum, Short Litecoin, Cardano…And Thinks Shiba Inu’s Time Has Passed
Interestingly, the social post did not provide a significant boost to dog-themed memecoins like Dogecoin (CRYPTO: DOGE) DOGE/USD and Shiba Inu (CRYPTO: SHIB) SHIB/USD, both of which were up just 2.68% and 1.73%, respectively.
Why It Matters: The trader’s social posts have become one of the biggest drivers of stock and cryptocurrency markets lately.
Famously known for the 2021 short squeeze of GameStop Corp. (NYSE:GME) GME, the legendary trader has been posting cryptic images, ranging from a sketched man leaning forward in a chair to the opening scene of Christopher Nolan’s “The Dark Knight.”
These posts have triggered massive spikes in kitty-themed cryptocurrencies and coins linked to GameStop.
Shares of GameStop closed 3.68% higher at $25.09 during Thursday's trading session, according to data from Benzinga Pro.
His latest dog post also triggered a significant rally in pet stocks, including Chewy, Inc. (NYSE:CHWY) CHWY and PetMed Express, Inc. (NASDAQ:PETS) PETS.
Read Next: Bitcoin Fails To Get A Mention In The Fiery Trump-Biden Presidential Debate, Coins Themed Around The Two Tumble
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