The meme coin sector stood out as an unexpected victor amidst a broader market downturn that drove down prices of major cryptocurrencies like Bitcoin.

This surge in meme assets is linked to the sudden return of Keith Gill, also known as Roaring Kitty and DFV, a key figure in the GameStop short squeeze of 2021. Gill's reappearance triggered a resurgence in GameStop shares, with a notable increase of over 100%. This resurgence also spurred gains in meme coins, including lesser-known ones like MOG Coin and Popcat, as well as popular ones like Dogecoin and Shiba Inu.

Additionally, the "GameStop" token on Solana, with the ticker GME, saw a staggering 1,900% surge in 24 hours, leading to substantial profits for some traders. Analysts predict a cat-themed meme season based on Gill's recent videos, with increased interest in cat-themed meme coins such as Popcat and Maneki.