{"id":228429,"date":"2024-07-01T17:10:05","date_gmt":"2024-07-01T17:10:05","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/07\/01\/solanas-chwy-surges-300-on-roaring-kitty-chewy-filing\/"},"modified":"2024-07-01T17:10:05","modified_gmt":"2024-07-01T17:10:05","slug":"solanas-chwy-surges-300-on-roaring-kitty-chewy-filing","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/07\/01\/solanas-chwy-surges-300-on-roaring-kitty-chewy-filing\/","title":{"rendered":"Solana&#8217;s CHWY surges 300% on Roaring Kitty Chewy filing"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"is-style-lead\">Roaring Kitty\u2019s CHWY stock disclosure skyrocketed another Solana memecoin.\u00a0<\/p>\n<p>Solana-based project Chewy (CHWY) rose as much as 500% on Monday after meme stock trader \u2018Roaring Kitty,\u2019 legally known as Keith Gill, disclosed a 6.6% ownership stake in the online pet retailer Chewy Inc. via an SEC filing. The Chewy token on Solana has little utility other than as a speculative punt on the booming memecoin ecosystem. <\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14282411\"><source type=\"image\/webp\" srcset=\"https:\/\/crypto.news\/app\/uploads\/2024\/07\/Screenshot-528-1024x464.png.webp\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"464\" src=\"https:\/\/crypto.news\/app\/uploads\/2024\/07\/Screenshot-528-1024x464.png\" alt=\"Solana's CHWY surges 300% on Roaring Kitty Chewy filing - 1\"\/>\n<\/picture><figcaption class=\"wp-element-caption\">Chewy memecoin on Solana spikes after Roaring Kitty disclosure | Source: DEX Screener<\/figcaption><\/figure>\n<p>On June 27, <a href=\"https:\/\/crypto.news\/?s=roaring+kitty\" target=\"_blank\" rel=\"noreferrer noopener\">Roaring Kitty<\/a> published a photo of a cartoon-style dog on X. Anonymous developers created the Chewy meme token sometime between June 27 and June 28, using Gill\u2019s social media post as the central theme.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>Chewy was the latest <a href=\"https:\/\/crypto.news\/?s=Solana+memecoin\" target=\"_blank\" rel=\"noreferrer noopener\">Solana memecoin<\/a> to record gains stemming from ties with Roaring Kitty, although no official connection between Gill and the project has been established. Similar activity was spotted with Roaring Kitty-inspired memecoins like GME, KITTY, and ROAR.<\/p>\n<h2 class=\"wp-block-heading\">CHWY shareholder accused of GME stock manipulation<\/h2>\n<p>Solana\u2019s CHWY gains coincided with a legal battle for Roaring Kitty, as the famous GME trader was <a href=\"https:\/\/crypto.news\/roaring-kitty-faces-class-action-lawsuit-over-alleged-gamestop-stock-manipulation\/\" target=\"_blank\" rel=\"noreferrer noopener\">slapped<\/a> with a class-action lawsuit by one Martin Radev. The complaint alleged that Gill manipulated GameStop stock by orchestrating a \u201cpump-and-dump\u201d campaign through bizarre social media posts on Reddit and X.\u00a0<\/p>\n<p>Roaring Kitty allegedly purchased many GME stock options and returned to social media on May 12 to \u201cpump his bags.\u201d While filers claim Gill violated federal securities law, former federal prosecutor Eric Rosen doubts the lawsuit holds any water, crypto.news reported on Monday.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/solanas-chwy-surges-300-on-roaring-kitty-chewy-filing\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roaring Kitty\u2019s CHWY stock disclosure skyrocketed another Solana memecoin.\u00a0 Solana-based project Chewy (CHWY) rose as much as 500% on Monday after meme stock trader \u2018Roaring<\/p>\n","protected":false},"author":1,"featured_media":228430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-228429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/228429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=228429"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/228429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/228430"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=228429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=228429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=228429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}