The token, KITTY—created by a self-titled, anonymous “Crypto Twitter Cabal” in late March— popped briefly to a price of about $0.02 immediately following its creation. Soon thereafter, it nosedived to near-zero. For weeks, however, KITTY’s social media accounts promised that the fledgling token would soon become the “biggest comeback story of 2024,” with some unnamed event set to turn its fortune around.
“We’re going to see massive buys coming in soon,” the token’s Twitter account posted on May 6.
Meme coin promoters routinely make such lofty promises. But less than a week later, the unthinkable happened: KITTY’s prophecy actually came true.
On Sunday, a Twitter account belonging to Keith Gill, aka Roaring Kitty—the architect of 2021’s famed, Reddit-fueled GameStop stock short squeeze—posted for the first time in three years, sending all stocks associated with the meme boom soaring.
GameStop stock (GME) briefly tripled in value; GME, also the ticker of a Solana-based tribute coin, surged some 1,900%; and KITTY, within moments, rebounded from near-worthlessness to a market capitalization of roughly $40 million.
The benefits of Roaring Kitty’s apparent surprise return to Twitter—after three years of radio silence across all social media channels—were immediate and immense, in the case of KITTY.
