GME, other memecoins fall with GameStop as Roaring Kitty livestream draws huge audience | Headlines | News | CoinMarketCap
06/08/2024 01:50A group of GameStop-inspired memecoins plunged as much as 31% on Friday, as meme stock darling "Roaring Kitty" live streamed for the first time in …
A group of GameStop-inspired memecoins plunged as much as 31% on Friday, as meme stock darling "Roaring Kitty" live streamed for the first time in three years.
Keith Gill — who catapulted to fame in 2021 for sparking a retail frenzy that sent the prices of stocks such as GameStop and AMC soaring — shared his GameStop positions in a schtick-filled 45-minute stream watched by more than 600,000 viewers.
By the end of the livestream, memecoins GME and ROAR fell roughly 24% and 31%, respectively, compared to their prices right before the event, CoinGecko price data shows. Meanwhile, KITTY price nosedived roughly 17% throughout the livestream.
All three memecoins had surged higher in the triple digits in overnight trading.
None of the memecoins are not officially affiliated with Roaring …