The market cap of cat-themed memecoins has gained over the past 24 hours following an uptick in the wider memecoin ecosystem triggered by the reported return of 'Roaring Kitty' to Reddit earlier this week.

Allocations into the cat-themed memecoin category came as investors ventured further out the risk curve after an early-week rally by GameStop and Roaring Kitty-themed memecoins.

On Monday, GME, ROAR and KITTY saw gains of 315%, 660% and 476%, respectively, after Keith Gill, a.k.a 'Roaring Kitty', reportedly returned to Reddit with a post that appeared to show he holds five million shares and 120,000 call options in GameStop stock.

However, ROAR and KITTY have since posted declines in the double digits — down 50% and 65%, respectively — in the past 24 hours, and GME has traded down …