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The GameStop mania is back in full swing, fueled by Roaring Kitty’s return to Reddit.
Keith Gill – better known as “DeepFuckingValue” on Reddit and “Roaring Kitty” on X and YouTube – revealed that he owns significant holdings of the GME common shares and call options.
Unsurprisingly, Roaring Kitty’s disclosure sparked a bull run in GME stock as well as the GameStop crypto token. The latter – a meme coin on Solana – surged by over 250% today on Monday.
Analysts expect Solana meme coins to skyrocket again now that the GameStop frenzy is back on. For instance, a new meme token Sealana – which has already raised over $3 million in its ICO – is being projected by experts to potentially deliver up to 100x returns.
Roaring Kitty Makes Another Comeback – How High Can The GameStop Crypto Go?
Keith Gill gained global popularity as the point person behind the 2021 GameStop short squeeze. Initially, Reuters estimated that Gill’s GME position in 2021 was worth $48 million at its peak. However, whether the trader took any profits remained unclear.
It appears now that his holdings are much larger than previously anticipated.
A screenshot posted by Roaring Kitty in the Superstonk subreddit reveals the trader holding over $115 million of GameStop shares and $65 million of call options.
He also made a comeback on X, posting the iconic ‘Uno reverse’ meme.
Following his disclosure, the GameStop Corp stock price is up over 81% in pre-market. Even with Gill disclosing no AMC holdings, the stock price of AMC Entertainment Holdings has also bounced up by 27% in pre-market.
Popular investor Gurgavin reveals that Roaring Kitty is currently up close to $400 million in the pre-market, bringing his total portfolio close to 600 million. Gurgavin also reveals that Gill’s GME positions could be worth over $1 billion in less than a week if the GameStop mania kickstarts again.
GameStop and meme coins go hand in hand. The Dogecoin price is already up 3%, while Pepe and Dogwifhat have surged by 6% today. Floki currently stands at the top gainer amongst large-cap meme coins, up 14% in the past 24 hours.
However, GME – a Solana meme coin paying homage to the GameStop short squeeze in 2021 – has rallied by 250% today. This is despite the token depreciating by 14% over the past hour alone as a few investors have started to engage in profit-taking.
Lookonchain reveals that one whale has sold $43k worth of $SOL after the price of GME surged. The whale still holds $1.4 million worth of the GameStop crypto coin.
However, the trend is quite clear. Solana meme coins are back to their bullish ways and new tokens such as Sealana could steal the spotlight in the next few days.
Experts Predict Sealana Is The Next Big Solana Meme Coin
New meme coins are in high demand, with investors eyeing 100x returns during this bull run.
Experts believe that new Solana meme coin Sealana ($SEAL) could deliver just that. For instance, YouTube trading experts Crypto Boy has recently highlighted $SEAL as the token that could deliver 100x profits.
The meme coin is already off to a strong start, already raising over $3 million in its presale.
Meme coin investors have quickly realized the upside potential of tokens that can make them laugh. Notably, several hedge funds invested in $WIF, simply because “the dog wore a hat”.
Similar to Dogwifhat, Sealana’s hilarious and relatable mascot is one of the key factors driving its demand.
A chubby, patriotic seal trading his way out of his mom’s basement is hard to miss, even in the deep Solana sea. This light-hearted satire on stereotypical crypto degens has caught the attention of meme coin enthusiasts.
Sealana’s new presale model – popularized by the recent Slerf saga – is also behind its impressive fundraising figures. Interested buyers can simply send $SOL tokens from their wallets and receive $SEAL as an airdrop.
Investors who prefer the traditional method can visit the sealana.io website and utilize the over-the-counter widget.
However, the Sealana presale does not have any hard cap and could end with a very short announcement. It is imperative for interested investors to buy Sealana early and follow its X and Telegram accounts for the latest updates.
*Cryptonomist did not write the article or test the platform.
