After a popular GameStop stock trader, Keith Gill alias Roaring Kitty, resurfaced at Reddit Inc. (NYSE. RDDT) last Sunday, 2021, GME shares surged nearly 100 percent during Monday’s premarket session. Gill revealed a stock portfolio of more than $110 million, thus classifying him under whale investors. Furthermore, the GameStock shares pump has since triggered a notable surge in meme coins inspired by the entertainment company.
Rise of GameStop-inspired Memes
In the past 24 hours, several meme coin projects on different blockchains registered palpable gains to early investors. The meme coin industry surged by 2 percent to around $66.8 billion and a daily average trading volume of about $5.9 billion.
The largest beneficiaries of the GameStock pump were meme coins inspired by Wall Street products such as GME and AMC.
For instance, GME (Ethereum) GME pumped more than 10x, while Solana SOL-based GME (GME) rose over 200 percent in the past 24 hours.
Top Meme Coin Projects to Focus on This Week
According to a popular crypto analyst alias Scofield on the X platform, the meme coin industry will be busy in the next few days following Gill’s heightened social media activity. The crypto analyst has vouched for top meme coins with impressive fundamentals, such as Dogecoin (DOGE), Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Shiba Inu (SHIB), and Bonk (BONK).
However, the crypto analyst specified that Floki Inu, which has gained over 16 percent in the past 24 hours to trade around $0.00028 on Monday, will be a major beneficiary. Moreover, Floki Inu has an impressive track record, with around half a billion in total value locked (TVL), and a massive supply shock.
