RoaringKitty Return: Will It Spark a Meme Coin Supercycle or Trigger a Liquidity Crisis?

After a two-year break, RoaringKitty’s return has stirred the market, raising questions about a potential meme coin supercycle and its impact on crypto liquidity. Experts weigh in on the implications.

Eneko Knörr, CEO and co-founder of Stabolut, believes that the resurfacing of the legendary investor might favor the crypto market. After a nearly two-year hiatus, the trader known as RoaringKitty returned to social media on May 13. Keith Gill, the real identity of RoaringKitty, is largely credited for spiking the GameStop stock (GME) surge in late 2020, and his return was enough to make GME price jump nearly 147% in 24 hours.

Moreover, following his first publication, Gill started sharing cryptic videos that attracted the attention of known crypto investors, such as Ansem. This created a landscape that trader EllioTrades sees as preparation for a ‘meme coin super cycle.’

However, some investors from the crypto community have expressed concerns that movements in traditional finance could drain liquidity from crypto. Eneko Knörr, CEO and co-founder of Stabolut, shared with Crypto Briefing that the crypto market’s liquidity is unlikely to be substantially affected.

“On the contrary, it feels like the meme stocks comeback has brought back attention to meme coins, with PEPE trading at a striking all-time high, for instance. This parallel surge in both meme stocks and meme coins indicates that the enthusiasm generated by RoaringKitty’s return is not limited to a single market, but rather is a broader phenomenon that transcends traditional boundaries,” explained Knörr.

Furthermore, Stabolut’s co-founder believes that the crypto market is well-equipped to absorb and respond to such shifts in investor sentiment, another sign that the liquidity will remain robust in crypto. “In fact, the overlap between the meme stock and crypto communities may even lead to a cross-pollination of ideas and investment strategies, further fueling the growth of both markets.”

Knörr highlights the impact influencers and key opinion leaders (KOL) have on the crypto industry, mentioning Max Keiser and Kris Marszalek, CEO of Crypto.com, as examples. Their voices, he adds, can shape market sentiment. Therefore, RoaringKitty’s return combined with interactions with notable crypto investors has the potential to trigger a meme coin supercycle.

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