Meme and Roaring Kitty coins are in the spotlight as 2025 kicks off
- Unity stock jumped after the Roaring Kitty post and the “fartcoin” token soared on Thursday.
- The broader market has continued its decline since the end of December.
Roaring Kitty is still boosting stocks and silly-named cryptocurrencies continue to surge in the opening hours of 2025.
Thursday, Unit programmes It came to the attention of retail investors after influencer Keith Gill, known as “Roaring Kitty,” to publish An animated gif featuring an impersonation of the late musician Rick James from an episode of the comedy series Chappelle’s Show.
Although the tweet did not have accompanying text, social media investors took it as a reference to the unit, based on the title of one of James’ songs referenced in that specific episode of the sketch comedy series. The stock rose as much as 15% in the first trading session of the year before paring gains.
Meanwhile, cryptocurrencies tied to GameStop — the company that Gill helped put at the center of 2021’s meme stock mania — also jumped. According to CoinMarketCap Datathe token called GmeStop is up 7.2% in the past 24 hours.
but, “com. fartcoin” took the top spot among crypto winners in the last day, rising 45% to a market capitalization of $1.34 billion. Meme coins ‘Brit’ and ‘Dojoyvat’ were also among the biggest crypto gainers in the past 24 hours.
Major cryptocurrencies also enjoyed a strong day of trading, moving back towards the $100,000 level. Bitcoin rose more than 3% to trade at about $97,353.
Stocks related to the cryptocurrency sector also rose Coinbase and Marathon Holdings Trading rose more than 2% on Thursday.
While some speculative trades were in the green, the broader market has continued to decline since the end of the year. Given the growing uncertainty about monetary policy and the White House’s plans, investors were nervous heading into 2025.
This can make the market more Sensitive to surprisesSome commentators believe that a correction is on the horizon at the beginning of the new year.
Some corners of the technology sector regained momentum on Thursday after suffering a recent sell-off. Nvidia The share price was up more than 2.5% by 3:30 p.m., while shares of other chip companies, including Micron Technologies and Marvell Technology, also rose.
