GME and Roaring Kitty, two memecoins themed on — though not connected to — the video game retailer GameStop, spiked within the past day as the firm's stock fell. 

The GME token was valued at $0.007 as of 4:30 p.m. ET (20:30 UTC) on May 17, up around 10% within the past 24 hours, according to the crypto price tracker CoinGecko. Conversely, shares of GameStop's company fell about 20% to close Friday's session at $22.22, according to Yahoo Finance. GameStop stock, at one point, traded north of $64 earlier this week.

The memecoin has no connection to GameStop despite sharing the same ticker symbol.

In addition, Roaring Kitty spiked 42% within the past day to reach $0.008 as of 4:28 p.m. ET (20:38 UTC) on May 17, CoinGecko data shows.

Roaring Kitty is the social media account of Keith …