Analysts drew attention to the token, whose value increased by 65% per day

Editor’s note: not financial advice!

Kitty AI, a cat-themed cryptocurrency, surged on Thursday as the countdown to a YouTube broadcast by American financial analyst and investor Keith Gill, known as Roaring Kitty, began.

According to CoinMarketCap, over the past 24 hours, the price of the Kitty AI memecoin launched on Solana has increased by 65%, and the trading volume has more than doubled to $ 8.73 million. Over the week, the cryptocurrency grew significantly, rising by 119%. This was facilitated by Keith Gill’s posts on social media.

The memecoin, which has nothing to do with Roaring Kitty, appeared solely due to the hype on social media around the word «Kitty.» GameStop’s memecoin also demonstrated astronomical growth, soaring by 574% since the beginning of the week.

Keith Gill’s actions stirred up both traditional and cryptocurrency markets. In one trading day, the trader earned a «paper» profit of $ 79 million on the growth of GameStop’s shares. On Monday, June 3, Keith Gill shared a screenshot of his investment portfolio on Reddit, which is likely to be a screenshot of his investment portfolio. If the value of GameStop shares continues to rise, Hill will become the fourth largest shareholder in GameStop after Vanguard, BlackRock, and RC Ventures.

However, concerns about Roaring Kitty’s foul play are growing as investors accuse him of exploiting a loophole in market regulation. The trader decided to answer some of these concerns in a live broadcast on Youtube, which he held for the first time in three years.