A flood of crypto tokens with names referencing GameStop and popular trader Roaring Kitty have been created over the past 24 hours as developers attempt to ride a coin resurgence.

• The social media return of Keith Gill, aka “Roaring Kitty,” has sparked a flood of crypto tokens.

• Microcap meme tokens with names like “GME” and “Roar” have soared more than 1,000%.

• Most tokens were created in the last 24 hours as developers attempt to capitalize on the spike in interest.

Keith Gill’s return to social media on Sunday caused a surge in prices for a wide range of crypto tokens, a flood of which was created on the Solana network over the past 24 hours.

The “GME” meme token, which borrows the GameStop ticker symbol, traded up 1,247% on Monday with total volume of more than $70 million, according to data from CoinMarketCap. The token has no official affiliation with GameStop.

Another meme token created on the Solana network is “GIL,” which was created early Monday morning and soared over 4,000% on total volume of around $7 million.

“ROAR” is another Solana-based meme token that premiered Sunday evening and is trading up 1,856% on total volume of around $12 million. And then there’s “KITTY,” which rose several thousand percent to a market value of $26 million.

The rapid creation of these thinly traded tokens appears to be an attempt to capitalize on the sudden interest in Gill, his internet personality, and GameStop. Given their lack of underlying value, these types of cryptocurrencies often turn out to be almost worthless, although developers can still profit from the immediate interest and rising prices.

Gill’s tweet on Sunday — his first in nearly three years — also lit a fire under meme stocks like GameStop, which soared as much as 119% on Monday, and AMC Entertainment, which surged as much as 18%.

Gill’s tweet was an illustration of a man leaning forward in a chair playing a video game, perhaps a suggestion that he is taking GameStop stock seriously after it plunged 92% from its peak from January 2021 from $120.75 to $9.95 in April.

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