On January 29, according to data from GMGN monitoring, the market cap of the Solana-based Meme coin BP surged again, briefly surpassing $14 million and currently standing at $13.5 million. The token is trading at approximately $0.014, with a 702% increase within 24 hours. This rally may have been fueled by the social media activity of Kevin Gill, the brother of famed retail investor Keith Gill. His recent confirmation on Instagram that his pet dog is named 'Puppy' seems to have triggered renewed market speculation.
Social Media Activity Sparks FOMO
This morning, a newly created account believed to be associated with Keith Gill, under the name Barking Puppy (X: BPuppy80020), posted related images that triggered a wave of FOMO across the community. The market briefly surged to $10 million as a result. This account became active within hours of BP's launch, and Kevin Gill had already included a link to it in his Instagram bio a week earlier. The timing coincidence has led many to believe this is a coordinated move, further intensifying market enthusiasm.
A Legendary Retail Investor Once Again in the Spotlight
Keith Gill (X: Roaring Kitty) is a well-known American retail investor and social media influencer, famous for sparking a dramatic surge in GameStop's ($GME) stock price during the 2021 short squeeze event that shook Wall Street.
Investor Caution: High Volatility in Meme Coins
Meme coin markets are inherently volatile and largely driven by hype and community sentiment rather than tangible utility or real-world use cases. Investors are advised to assess risks carefully and avoid impulsive investments driven by trends.