Roaring Kitty's Dog Post On X Doesn't Do Much For Dogecoin, Shiba Inu, But Sends This Cat-Themed Crypto Shooting Up
Portfolio Pulse from Aniket Verma
Roaring Kitty's recent social media post featuring a cartoonish dog led to a surge in cat-themed cryptocurrencies like Kitty AI and Kitty Inu. However, dog-themed cryptocurrencies like Dogecoin and Shiba Inu saw only modest gains. The post also positively impacted stocks like GameStop, Chewy, and PetMed Express.
June 28, 2024 | 4:48 am
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POSITIVE IMPACT
Chewy's stock saw a significant rally following Roaring Kitty's post, reflecting increased investor interest in pet-related stocks.
Roaring Kitty's post led to a rally in pet-related stocks, including Chewy, indicating strong market influence.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
GameStop shares rose 3.68% following Roaring Kitty's social media post, continuing the trend of his posts influencing the stock.
Roaring Kitty's posts have historically influenced GameStop's stock price, and the latest post continued this trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PetMed Express shares rose following Roaring Kitty's post, benefiting from the increased attention to pet-related stocks.
The post led to a rally in pet-related stocks, including PetMed Express, showing the market's responsiveness to Roaring Kitty's influence.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60