Financial analyst Keith Gill, known as Roaring Kitty on YouTube, made a comeback on social media after three months of silence.
In response, GME, AMC, and ROAR tokens, all inspired by 2021 GameStop’s short squeeze, spiked by over 50% in 24 hours.
Degens Celebrate Kitty’s Return With a Short Rally
GameStop’s short squeeze is one of those events that changed the course of history, at least for retail investors. Gill’s role in shifting market dynamics is undeniable, and he could very well be called the ‘Father of Degen’ alongside Elon Musk.
On December 6, Gill posted an altered Time Magazine 2006 cover paying homage to YouTube. The post didn’t offer any further explanation and left users wondering what Gill meant to say.
Many of Gill’s followers replied with their versions of the picture and speculation regarding its hidden meaning.
In fact, Roaring Kitty’s X posts are rarely insightful or clear. Nonetheless, crypto investors responded to Kitty’s return with a rally, just like in July and every time before.
The GameStop (GME) token, which is not affiliated with GameStop, rose sharply from $0.005039 to $0.008041 (+59%). GME’s 24-hour trading volume hit $44.4M.
Another top gainer is the AMC Entertainment (AMC) token, with a 51% increase. Roaring Kitty (ROAR) rose by 27.14% and reached a $7.54M market cap.
However, this rally is likely to be as short-lived as previous ones. In May, GME spiked by over 3,700% in two days only to fall the next day. The token once again surged in July, hitting an all-time high of $0.03207 but soon dropped to $0.004973 (–84%).
HBAR, XLM Lead the Altcoin Sector, Meme Coins Are Thriving
High degen activity suggests we’re entering another altcoin season. BTC dominance falling from 61% on November 21 to 55% on December 6 supports this trend.
Over 75% of the 50 top-performing coins within the last 90 days brought their holders better returns than BTC. Hedera (HBAR), Stellar (XLM), MANTRA (OM), Sui (SUI), and Dogecoin (DOGE) grew the most this season.
DOGE still leads the meme coin sector, followed by Shiba Inu (SHIB), Pepe (PEPE), DogWifHat (WIF), and Bonk (BONK). Peanut the Squirrel (PNUT) recently joined the top 10 with a 1,167% monthly increase and a $1.38B market cap, fueled by Trump’s election victory.
Overall, the meme coin market cap rose 108% over the month, and the trading volume increased by 182%.
The PolitiFi ecosystem experienced an anticipated slowdown after the election season ended. Instead, investors focused on AI meme coins like Goatseus Maximus (GOAT) and Act I: The AI Prophecy (ACT).
MemeVault Protocol to Maximize Degen Returns
The altcoin party is just getting started, and Crypto All-Stars (STARS) might launch right in time for its peak.
It’s safe to say that most new meme coins fail shortly after listing. However, Crypto All-Stars’ MemeVault meme coin staking platform may help it capitalize on the current bull run.
Its unified staking protocol allows users to earn passive yields by locking up popular meme coins like DOGE, PEPE, and SHIB. Initially, the platform will support 11 tokens, but more will become available in the future.
This means that investors can multiply potential returns from top-performing assets. On top of that, STARS holders will generate higher staking APY than regular users. Through this model, Crypto All-Stars incentivizes engagement and positions its native token for sustained growth.
Chance or Careful Planning?
Was Crypto All-Stars’ launch timeline strategic? We can only guess, but given the new wave of interest in altcoins, it’s fortunate for sure.
STARS presale is live for another 13 days, so early adopters have the last chance to secure their share of tokens at $0.0016782.
Bull runs typically last at least one year, so STARS has plenty of time to mature and deliver returns to its supporters.
Visit the Crypto All-Stars presale website and X channel to learn more.
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