Diminishing Influence of Roaring Kitty Impacts Meme Stocks GME, AMC, and Associated Meme Coins

Diminishing Influence of Roaring Kitty Impacts Meme Stocks GME, AMC, and Associated Meme Coins

The frenzy surrounding Roaring Kitty seems to be fading rapidly, as evidenced by the drop in Gamestop’s stock, GME, which has fallen by 3-5% against the U.S. dollar during Tuesday’s mid-day trading sessions. Likewise, the meme stock AMC Entertainment Holdings, or AMC, has also seen a decrease of around 1.87%. Coingecko.com, a cryptocurrency market cap aggregator, reports that several meme coins associated with the Wall Street Bets, Roaring Kitty, and meme stock phenomenon have started to suffer losses. For example, the roaring kitty token (KITTY) has plunged by over 18%, wsb coin (WSB) has experienced a 40% loss, and the wall street baby (WSB), hosted on Solana, has seen a decline of 56% in the past day. These developments come after reports indicating that Etrade is considering the possibility of blocking Keith Gill’s (Roaring Kitty) account.

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