After a long absence, the return of Keith Gill, or better known as Roaring Kitty, has raised new spirits among meme coin fans. The figure who was once the center of attention in the event of GameStop's stock surge in 2021, has now shaken the market again by triggering the launch of thousands of Solana-based meme coins.
A New Passion in the World of Meme Coin
When Gill posted a meme depicting a man immersed in a gaming world, he didn't just spark laughter. The pump.fun protocol, which allows launching meme coins for a fee of just 0.02 SOL, set a record launch of 14,500 meme coins in a day. New tokens such as GME Stonks, GameOver, and KiethGillWifHat, are living proof of the enormous influence that Gill has in the crypto community.
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Meme Coin Opportunities and Risks
This enthusiasm, however, is accompanied by inevitable risks. Meme coins, which are often created as a form of entertainment or speculation, have highly volatile values and are prone to "rug pull" scams. Pump.fun himself, in a humorous tone, invited Gill to be involved in the launch of the coin, as well as warning of the potential losses that might occur.
Pump.fun Collect 127,000 SOL
Since January, pump.fun has collected about 127,000 SOL ($19 million) from gas costs. This shows that behind the humor of meme coins, there is significant revenue potential.
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Gill Creates Wolverine Roaring Token
Some of the tokens launched were inspired by videos shared by Gill, including the Roaring Wolverine token that references Marvel characters. However, like many other meme coins, the value of this token has also seen a drastic drop.
Conclusion
Gill's return has brought a new wave in the launch of Solana-based meme coins, but it also reminds us of the speculative nature and high risk that accompanies investing in meme coins. For investors, it is important to remain vigilant and conduct in-depth research before taking a step in this turbulent crypto world.
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How to Buy Crypto on Bittime
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
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Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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