Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Meme coins surged after a post by Keith Gill, a retail trader whose online persona and investment strategies contributed to the GameStop short squeeze in 2021.
Top meme coins climbed higher Tuesday after a viral post by retail trader Keith Gill, whose cult following contributed to the GameStop short squeeze of 2021, “Roaring Kitty is living proof that retail can mog institutions at the highest level,” MOG token developer Shisui told CoinDesk in a message. “His return was perceived as bullish for meme coins because the market remembered that much of the Gamestop mania of 2021 spilled over to $DOGE and other meme coins.”
Among developers and traders, part of Gill’s influential appeal isn’t only that he has made generational wealth: It’s the allure of a single trader taking down hedge funds from his bedroom using publicly available tools and the chance of them landing a similar move.
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