The GME memecoin, which borrows GameStop's stock ticker but has no official affiliation with the company, traded more than 460% higher on Tuesday, according to Coingecko data.

The memecoin's significant gains come after GameStop stock posted a triple-digit rally after Keith Gill’s @TheRoaringKitty posted on X for the first time in nearly three years. Gill and the subreddit WallStreetBets were at the center of the 2021 meme stock frenzy.

"While the general market continues to drift off into the summer, GME has emerged after a long slumber, pumping 80+% yesterday off the back of Roaring Kitty's tweet," QCP Capital analysts said.

In equity markets, shares of GameStop and AMC are on track to extend the previous day's big gains. On the New York …