GameStop and AMC-themed memecoins saw massive spikes after influencer Keith Gill, better known as Roaring Kitty, made a comeback on X.
GME (Ethereum), a similar meme coin on the Ethereum network, also benefited from Gill’s return, surging over 51% to hit an all-time high of $0.0002487 on Dec. 6. However, it has since dropped 21%, according to CoinGecko data.
Meanwhile, AMC, the meme coin created to mimic AMC Entertainment, a movie theater chain, rallied over 50%, while KITTY and ROAR, meme coins inspired by Gill’s online persona, both jumped over 45%.
All of the aforementioned meme coins rallied after Gill’s Dec. 6 X post, marking his first post on the platform in three months. The post featured an altered version of a 2006 Time magazine photo illustration that paid homage to YouTube.
Beyond the crypto space, Gill’s return pushed GameStop (GME) shares over 16% on the day, reaching a high of $30.87 before settling at $28.60, while AMC Entertainment (AMC) recorded a 12% jump to $5.55, according to Google Finance data.