Solana meme coin CHWY jumps 11,000% on Roaring Kitty’s dog post

CHWY token's value explodes following a viral dog image by Roaring Kitty.

Key Takeaways

CHWY token surged over 11,000% following a dog picture by Roaring Kitty. Keith Gill praised GameStop CEO Ryan Cohen in a recent livestream, impacting related meme coins. <?xml encoding="UTF-8"?>

An unaffiliated Solana blockchain meme coin with the ticker CHWY surged over 11,000% following a dog picture post by Keith Gill, known as “Roaring Kitty,” on his X profile. DEXTools data confirmed the price movement.

pic.twitter.com/jQBMX4jwjR

— Roaring Kitty (@TheRoaringKitty) June 27, 2024

The CHWY token, unrelated to the e-commerce company Chewy, saw this dramatic increase despite the lack of text or explicit references in Gill’s post.

Gill recently praised GameStop CEO Ryan Cohen, Chewy’s founder, in a YouTube livestream.

“In particular, of course, Ryan f***ng Cohen. Ryan Cohen and his crew,” Gill said, emphasizing his focus on GameStop’s management.

Cohen, who acquired a significant GameStop stake before joining its board, became CEO in 2023.

The Solana-based meme coin GME also rose nearly 10% following the news.

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