Wolverine-Themed Meme Coins Flood Market Following RoaringKitty's Cryptic Post

The Wolverine-themed tokens are not the only ones to have been issued on pump.fun.

AccessTimeIconMay 13, 2024 at 4:03 p.m. UTC
Updated May 13, 2024 at 4:06 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now
  • The Wolverine meme coins were minted immediately after TheRoaringKitty posted a video including the X-Men character.
  • Several tokens have also been issued relating to GameStop and Melvin Capital.
  • Tornado Cash's Alexey Pertsev Sentenced to 64 Months in Prison; Meme Coins Rally
    01:46
    Tornado Cash's Alexey Pertsev Sentenced to 64 Months in Prison; Meme Coins Rally
  • GameStop Ending Support for Its Crypto Wallets Amid 'Regulatory Uncertainty'
    01:01
    GameStop Ending Support for Its Crypto Wallets Amid 'Regulatory Uncertainty'
  • GameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy
    08:09
    GameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy
  • GameStop Launches NFT Marketplace on ImmutableX
    08:09
    GameStop Launches NFT Marketplace on ImmutableX
  • Wolverine-related meme coins flooded several blockchains after TheRoaringKitty, the personality behind the Gamestop meme stock frenzy, posted a video of the X-Men character on the X social-media platform.

    More than 30 new tokens went live on pump.fun following the tweet, with others also being launched on Ethereum and Solana, according to Dextools.

    TheRoaringKitty, whose real name is Keith Gill, returned to social media after a three-year absence on Monday, posting a meme that alludes to gaining focus, which led to a widespread rally in meme stocks and volatile weekly open for the Gamestop stock (GME) as well as several cat-related meme coins.

    Meme coins have been a key component of the recent cryptocurrency bull market following the success of dogwifhat (WIF) and bonk (BONK). Many of the tokens have surged to more than $1 billion in market cap as investors attempt to find the next dogecoin (DOGE) or pepe (PEPE).

    A number of the newly-minted meme coins faced sharp declines shortly after launch as bad actors drain liquidity to capitalize on the meme coin hype.

    TheRoaringKitty's return potentially brings a new narrative to meme coin trading. The immediate rise in X-Men characters and meme coins related to Gamestop and Melvin Capital, the hedge fund that got squeezed out of a GME short three years ago, demonstrates a clear crossover from TheRoaringKitty's traditional finance following and crypto meme coins.

    Edited by Sheldon Reback.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Oliver Knight

    Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about