Memecoin hype received another boost last week with the return of “Roaring Kitty,” the popular Reddit user on r/WallStreetBets who helped trigger the meme stock frenzy back in 2021. 

Keith Gill, the owner of the account, came back to X, posting on his once-dormant account for the first time since June 2021. No text was posted, just the popular meme of a video game player leaning forward in his chair, sometimes used to signal that things are about to get serious.

The tweet alone had an outsized impact on the meme stock community. Both GameStop and AMC stock were halted several times last week due to high volatility. GME spiked more than 100% after the tweet dropped before it had to go on the trading pause.

While Gill was the face of a rally primarily focused on the stock market, …