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In the year Closely linked to GameStop's stock rally in 2021, Keith Gill's return has unlocked Solana-based meme coins via the pump.fun protocol.
GME Stonks, GameOver and KiethGillWifHat are just a few examples of tokens launched by pump.fun in the past 24 hours since Gill—a financial analyst and investor also known as Roaring Kitty—first posted a meme on Twitter in 2018. years.
Allowing anyone to launch the meme coin for just 0.02 SOL ($3), pump.fun announced its busiest deployment day on Sunday after Gill posted a picture of a man hunched over in a chair with a video game controller in hand. A total of 14,500 different meme coins were launched on pump.fun that day, setting a new record, according to Dunn. Dashboard.
More than 7,400 were also created on Pump.Fun on Monday, as of press time, seemingly matching Sunday's pace of new Solana tokens. The pump.fun account on Twitter appeared to be gushing over the Gill Cat-themed moniker and associated symbols. he said.“Today is a good day for cats, that's for sure.”
Pump.fun also acknowledges the downside of meme coins, such as how the value of its volatile properties can Failed due to “carpet drag”. The pump.fun team asked Gill on Twitter: “He was interested in the chase. [on his] Followers with Coin Launcher” effectively inviting him to join.
Whether anonymous developers simply added a hat image to the gil or employed popular wording, Monday's gil and game-stopping themed coins are added to the growing list. 512,000 symbols Deployed using the Solana protocol. Since pump.fun's January release, those launches have generated about 127,000 SOL, or $19 million in revenue for the protocol in the form of gas payments.
Some Solana-based tokens took inspiration from the videos Gill posted on Monday after their first appearance. For example, playing off the inclusion of the Marvel superhero Wolverine, a token called Roaring Wolverine was launched – and it looks like it's already crashed.
Once known for frequent, highly rated posts on Reddit r/WallStreetBets, Gill is credited with coordinating thousands of traders to bet on Wall Street in 2020 on the most shorted stocks. Following a historic short squeeze that sent GameStop's stock price soaring to $483, the image of modern financial folklore has faded from public view.
As GameStop stock rose on Wall Street Monday following Gill's return, it was trading. It has stopped many times. Meanwhile, the Solana-based token that borrows GameStop's ticket name is up nearly 1,700%. Other inspiration Crazy with meme stock.
Edited by Ryan Ozawa.
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