Keith Gill, popularly known as "Roaring Kitty," re-emerged on social media on Sunday evening, triggering a massive surge in the value of Solana-based memecoin GME. This sudden resurgence has left the cryptocurrency market abuzz, with many investors scrambling to capitalize on the trend.

GME, a memecoin that pays homage to the 2021 short squeeze of GameStop Corp., witnessed a meteoric rise in value, more than tripling within hours and pushing its market capitalization past $70 million, a staggering 180% increase in just 24 hours. Trading volumes for GME also skyrocketed, increasing more than sixfold to $110 million.

At the time of writing, GME was trading at $0.01223, up a whopping 217% in the past 24 hours. This dramatic uptick highlights the highly volatile nature of memecoins, which can experience significant fluctuations based on social media influence and market sentiment.

The impact of Gill's post extended beyond GME, with other cryptocurrencies bearing names related to "Kitty" also experiencing substantial gains, despite having no direct connection to Roaring Kitty or GameStop. Kitty AI, for instance, more than doubled in value, underscoring the speculative nature of the meme coin market, where trends can rapidly shift based on minimal triggers.

This development serves as a reminder of the ephemeral nature of memecoin rallies, which often depend heavily on social media hype. Last month, similar coins saw significant gains following Gill's posts but failed to sustain their value beyond the initial excitement, leading to sharp declines soon after.

The rapid rise in GME's value and the subsequent increases in other memecoins underscore the inherent volatility and speculative risks associated with these digital assets. While the potential for quick profits exists, investors should exercise caution, as the equally high potential for rapid losses is a stark reality.

As the market continues to evolve, investors and analysts alike will be keenly watching the performance of GME and other related memecoins to determine if the gains can be sustained or if they will follow the pattern of previous short-lived rallies.