'The dog days are over': Cat memecoin soars 16.1% after Roaring Katie's return
On Monday, popular internet personality and trader "Roaring Kitty" made a surprise return to social media, sending the Crypto Assets market in shock and excitement. His reply was followed by a series of cryptic videos, including catsm, that appear to have pumped the price of the cat-themed memecoin in the past 24 hours.
Keith Gill, known as the "growling kitten," returned to social media after three years with the popular "chair leaning forward" internet memes.
His comeback has propelled GameStop's meme stock (GME) price to pump 201% over the past day as he was a major participant in the meme stock frenzy of 2021. In addition to the pictures, the trader also shared a series of video edits that have also boosted the memecoin market. The Wolverine-inspired memecoin reportedly soared after featuring a Marvel character in one of his edits.
Other large players in the sector saw green numbers in the next few hours, such as Pepe (PEPE) and Xu long market capitalization the highest dog-themed memecoin. As part of a ripple effect, the daily volume of the largest frog-themed memecoin flipped Solana (SOL), with a 238% increase in volume over the past day.
In addition, Satoshi traders benefit from price spikes after buying large amounts of tokens. According to the data, a Whale bought 195 billion PEPEs worth $1.98 million and had already made $236,000 in unrealized profits a few hours later.
The impact of Roaring Katie's return isn't limited to dog-themed memecoins. The trader's edit included several images and references about cats, driving a 16% spike in the cat-themed zone. Feline-inspired memecoins have grown in popularity during this cycle, with tokens such as Cat & Dog Word (MEW) and Popcat (POPCAT) making it to the top 10 meme coins list over the past month.
One of Roaring Kitty's edits included a snippet of the song "Dog Days Are Over" by Florence + The Machine. Next to the video, the trader highlighted the lyrics: "Dog days are over, dog days are over." In addition, he added images of cats, which seemed to suggest that future memecoin Rebound might be led by cat-themed memecoin instead of the usual dog-themed memecoin.
Memecoin Roaring Kitty (KITTY) soared 13,000% along with GME, according to the report. Other feline-themed Tokens, including POPCAT, MichiCoin (MICHI), and Roaring Kitty (ROAR), also saw significant pumps.
Popcat pump 24.4% and 276% on the one-day and monthly time frames, respectively, while MichiCoin has surged 38.9% over the past day and 333.5% since its launch on April 26. The daily volume of both tokens has also risen by 80% volume.
The biggest pump was in trader-inspired tokens. Ethereum-based SOAR pumped more than 1162% in a matter of hours, rising from $0.00024830 to $0.0031338. The surge also represents a massive rise of 3216.8% in the weekly time frame, with a similar daily volume rise of 826%.
According to the report, the Whale took advantage of the momentum and packed the Tokens into their bags. A Whale withdrew SOL from an exchange and purchased 490,400 POPCAT, worth about $235,472.
(Source: Rubmar Garcia)
