Crypto Twitter Buzz This Week Roaring Kittens Chase Dogs Airdrop Fizzles

The cryptocurrency news website CoinWorldReport states:
Meme stock internet celebrity Keith Gill, also known as Roaring Kitty, displayed his enduring influence in various corners of the stock market this week, as the highly anticipated airdrop of the Ethereum Layer 2 network Blast seemed to have failed.
After a prolonged period of silence, the GameStop bull Roaring Kitty suddenly resurfaced on Twitter on Thursday, posting a mysterious post about a cartoon dog without words.
In a span of 15 minutes, the barking of the dog (excuse us) caused major pet care stocks to skyrocket. Chewy Inc.’s stock price immediately surged by 33%, Petco’s stock price rose by 14%, and PetMed Express’s stock price increased by 7%.
These jumps collectively created billions of dollars in value within minutes. However, just as quickly, the gains were erased.
As this phenomenon becomes more common, a Solana meme coin named CHEWY surged by around 11000% during the news cycle. Strangely, some traders appeared to have purchased the token before Roaring Kitty posted his dog-themed message.
Earlier this week, similar well-timed trades seemed to occur with CHEWY’s stock as well.
Meanwhile, in the cryptocurrency realm, this week saw the long-awaited free airdrop of around 17 billion newly minted Blast tokens with the native Blast token.
Many had anticipated this event to be a summer giveaway. While there is certainly nothing to scoff at — the early trading prices pegged the total value of the airdrop at $354 million — many Blast users were left deeply disappointed by these figures.
The disappointment may stem from previously high expectations for the token, based on the popularity of the Blast network among crypto whales, as well as the excessive amounts charged during the airdrop of Blast’s predecessor, Blur (a disruptive, incentivized NFT market).
BLAST made its debut on Wednesday morning only to face massive sell-offs, leading to further plummeting. This is a common occurrence in airdrops, but the significant expectations magnified the initial discomfort.
However, some stakeholders in the Blast ecosystem — such as savvy Fantasy Top player Zandefur — have countered claims of the Blast airdrop failure.
Zandefur emphasized that within hours of BLAST’s initial unveiling, while many BLAST users discarded the new tokens, many whales within the ecosystem remained committed.
BLAST’s price briefly rebounded on Thursday before dropping once more. Currently, it hovers around $0.02, far below early expectations.
Andrew Hayward, Editor