0
0
PEPE Hits New All-Time High Thanks to Roaring Kitty’s Return
PEPE, the third largest coin in the meme category, has surged to a new all-time high following a 19% increase in the past 24 hours. This remarkable growth comes on the heels of the highly anticipated return of financial analyst Roaring Kitty to social media after a three-year hiatus.
The Roaring Kitty Effect
Rising to fame as a central figure in the 2021 GameStop short squeeze saga, Roaring Kitty, also known as Keith Gill, played a significant role in the r/WallStreetBets subreddit’s bold attempt to upend hedge funds by investing in meme stocks. His recent resurgence has had a profound impact on the meme coin market, driving PEPE’s value to new heights.
Upon his return, Roaring Kitty wasted no time in making waves, with a tweet featuring a clever nod to the iconic film “Gangs of New York” – complete with characters sporting green skin reminiscent of Pepe the frog. This seemingly innocuous post sparked a rapid 5.5% increase in PEPE’s price within minutes, signaling renewed bullish sentiment within the Pepe community.
A Ripple Effect Across the Market
Not content with merely influencing PEPE’s price, Roaring Kitty’s comeback has triggered a flurry of activity in the meme coin space. The launch of several Solana-based meme coins, accompanied by a Pump.fun record, underscores the renewed enthusiasm for meme-based assets. Meanwhile, established meme coins like Dogecoin, Shiba, and Dogwifhat have all experienced notable gains in response to the market’s renewed focus on meme-driven narratives.
Following the initial excitement fueled by Gill’s Gangs of New York tweet, PEPE’s price stabilized until Coinbase encountered a “system wide outage” earlier today. This disruption briefly caused PEPE’s price to fluctuate, leading to unconfirmed rumors circulating on social media about a potential listing of the meme coin on the centralized exchange.
Rumors and Speculation
Speculation surrounding Coinbase’s supposed interest in listing PEPE reached a fever pitch as users speculated on the implications of such a move. While there have been no official announcements from Coinbase regarding the listing, the mere suggestion was enough to propel PEPE to a new all-time high of $0.00001096, representing a formidable 9% increase.
As the meme coin market continues to capture the attention of both seasoned investors and newcomers alike, the influence of prominent figures like Roaring Kitty on asset prices remains a compelling narrative to watch. Whether PEPE’s ascent is the beginning of a sustained rally or a fleeting moment of exuberance, the dynamic interplay of market forces and social media trends continues to shape the ever-evolving landscape of cryptocurrency investing.
Image/Photo credit: source url
