As Bitcoin rebounded to around $63,000, many cryptocurrencies also began a new round of rebound, with meme-based cryptocurrencies rebounding the most strongly.
According to Coingecko data , among the top 100 cryptocurrencies by market capitalization, 6 of the top 8 with the highest increase in the past 24 hours are meme-based tokens, and the top three with the highest increase are all meme-based tokens, respectively. They are PEPE, FLOKI and DOGE, with increases of 19.1%, 19.1% and 10.1% respectively.
PEPE sets new all-time high
In addition, PEPE, the third largest meme currency, once again hit a new all-time high in this rising market. According to Binance data , the price of PEPE once reached $0.00001119 in the early morning of today (14th), surpassing the previous high on March 14. Price $0.00001025 USD. 
GME short squeeze promoter Keith Gill returns, related meme coins surge
Keith Gill, the promoter who called on retail investors to buy GameStop stock (GME) in 2021 to fight against Wall Street institutions, his social platform There is only one meme that expresses "getting serious", making community members think, does this article indicate that Keith Gill is about to return?
Perhaps inspired by this, a number of meme coins related to GameStop and Roaring Kitty also set off a craze on major chains yesterday, such as KITTY (Roaring Kitty) on Solana, GameStop’s meme coin of the same name GME, and GameStop’s meme coin of the same name on Ethereum. Meme Coin GME…
Among them, KITTY on Solana is the most popular and has the largest increase. According to Dexscreenerdata , KITTY, which was deployed on Solana a month ago, rose from a minimum of $0.0002118 to a maximum of $0.05461 yesterday, and fell back to $0.04342 before the deadline, an increase of 20,600%.
In Dexscreener's popular token rankings , the gains in related tokens with a market value of more than $1 million are:
- SOLBET (SOL STREET BETS) has increased by 65,087% in the past 24 hours, with a market value of US$1.5 million.
- Gil (Kith Gil) has risen 4,886% in the past 24 hours, with a market value of US$2.7 million
- WSB (Wall Street Bets) has risen 448% in the past 24 hours, with a market value of US$4.2 million.
- GME (GameStop) rose 291% in the past 24 hours, with a market value of US$78.3 million
- KITTY (Roaring Kitty) rose 246% in the past 24 hours, with a market value of US$24.8 million.
- GME (GAME COUNTINUE) has increased by 37.69% in the past 24 hours, with a market value of US$1.2 million.
Tweets help multiple meme coins surge
It is worth mentioning that last night, Keith Gill released a number of short videos composed of TV and movie clips. Although he did not explain the reason for the release, after a video about the X-Men Wolverine was released, there were a lot of people on the Internet There have been more than 30 Wolverine-related meme coins issued on Pump.fun as well as on blockchains such as Solana, Ethereum, and Base. Although most tokens experienced a surge after the film was released, most tokens were left untraded because their liquidity pools were drained.
In addition, Melvin Capital, a meme currency related to GameStop (a hedge fund that was squeezed out of GME shorts three years ago), also rose by 1,200% yesterday. However, the token’s liquidity is unstable, so users will not be able to buy and sell it. Experiencing large price excursions.
As for the Meme craze triggered by Keith Gill, some people think it is a tribute to the sensational "GameStop Short Squeeze Incident" that year, and some people think that in Web3, where institutions are now dominant, there needs to be a leader who can lead retail investors to fight against institutions. However, after three years, Keith Gill's return will undoubtedly make people speculate whether he will lead retail investors to repeat the "GameStop short squeeze incident" in the Web3 field.
