Key Points
- Andrew Tate declares full commitment to GameStop, revealing $6 million investment in stocks.
- The Roaring Kitty’s return on social media after a three-year break led to a craze around GameStop shares and dedicated memecoin GME.
The British-American social media personality and ex-professional kickboxer, Andrew Tate, seems to have fully embraced the meme stock movement.
In recent posts on X, he said that he enjoyed contributing to the downfall of hedge funds, and he highlighted that despite his net worth of about $11 million, he has invested $6 million in GameStop.
He said in a video posted on May 13 that bold decisions reap rewards, and urged people to stop being cowards their whole lives.
He also highlighted the importance of unity in battling the Matrix, saying that 2020 and 2021 were the years in which we all got to see who the “real men” were.
The warrior spirit has never failed me, EVER.
Make the brave choice and God rewards you.
Stop being cowards your entire life. pic.twitter.com/uceUG8Tf0R
— Andrew Tate (@Cobratate) May 13, 2024
He also shared another post today on his X account, explaining to his followers why women have no interest in the GameStop saga.
GameStop madness kicks off with Roaring Kitty’s return
On Monday, the GameStop madness kicked off. According to CNBC, GameStop shares rallied on Monday, before a halt in trading. GameStop last traded at around 83.2% after surging 110%. Trading was halted multiple times due to high volatility.
Tate also addressed the halting issues on his X account, saying that the entire system is a scam, and the Matrix wrecks you endlessly and as soon as you start winning, they turn the game off.
THEY HAVE HALTED TRADING.
The entire system is a scam.
The Matrix wrecks you endlessly and as soon as you start to win, they turn the game off. https://t.co/CKOnIMS7wd
— Andrew Tate (@Cobratate) May 13, 2024
The return of popular trader Roaring Kitty triggered the meme stock craze once again, following a hiatus of three years.
Keith Gill, also known as Roaring Kitty, was previously popular for running a Reddit account that was at the center of GameStop’s short squeeze in 2021.
He was able to lead retail users to drive Gamestop’s stock price to surge back in 2021, and also promoted a significant surge for crypto memes.
On May 13, he came back on X, causing the kick-off of a new craze for GameStop shares and the dedicated token built on Solana, GME that saw price surges of over 2,500% on Monday.
At the moment of writing this article, the GME token is up by over 80% on CoinMarketCap in the past 24 hours.
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GME is a meme token that’s dedicated to the project, paying tribute to the 2021 short squeeze of GameStop.
