GameStop Rally Ignites Meme Coin Frenzy, Boosts Dogecoin and Solana-Based Coins

By: Eva Baxter

The reinvigorated GameStop rally has sparked a surge in meme coin activities. Stellar performance is noted among meme-based digital currencies, including Dogecoin and some political tokens linked to individuals like Donald Trump, registering up to 30% gains and beyond.

Simultaneously, Solana's GME tribute meme coin has seen a jaw-dropping rise by 1,900%, surpassing the return on GameStop shares. The booming market for meme stocks and cryptocurrencies is largely attributed to Roaring Kitty, a central figure in the 2021 GameStop saga whose recent online reports have reignited the investor community.

Following RoaringKitty's hint-laden posts, notably one featuring the X-Men character, Wolverine, the market has been inundated with themed meme coins. This episode has the cryptocurrency community re-imagining the confluence of internet pop culture and financial investment structures.