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PEPE has reached an all-time high after rising 19% in the last 24 hours. This comes after the return of Roaring Kitty saw GameStop and other comics pop up.
Financial analyst Roaring Kitty was the central figure in the 2021 GameStop short squeeze that saw the r/WallStreetBets subreddit community try to take down hedge funds by buying up fake stocks. Yesterday, the figure returned to social media after a three-year hiatus that prompted GameStop to double its prices and launch a new memorabilia frenzy.
The third largest coin in the meme category, according to CoinGecko, started seeing steady gains due to the return of the meme influencer. One of his tweets rehashed a Gangs of New York scene where the character's skin turned green – just like Pepe the Frog. This looks like a shame for the Pepe community as it jumped 5.5% in minutes.
The return of Roaring Kitty (also known as Keith Gill) has sparked several Solana meme coinages, starting with Pump.Fun Records. Other cryptocurrencies such as Dogecoin, Shiba and Dogwifhat have also seen significant gains.
After the Gil Gang of New York ended on Twitter, Pepe was mostly trading sideways until Coinbase experienced a “system outage” this morning. Before this unconfirmed rumors spread, Pepe's price had been falling steadily that the centralized exchange was preparing to list the coin, and it crashed as a result.
Coinbase did not immediately respond to a request for comment from Decrypt.
“Looks like Coinbase is down for maintenance again! Maybe they are preparing everything before listing PEPE,” said one Twitter user. “The voice will come [be] 10x and they should be prepared.” It's worth repeating: there are currently no confirmed reports that Coinbase is going to list PEPE. But the feedback was enough to push MemCoin up 9% to a high of $0.00001096.
Edited by Stacy Elliott.
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