Key Points
- Roaring Kitty trading legend came back on social media after a 3-year hiatus.
- This led to a surge in GameStop’s shares by 110%, and a rise in the GME coin’s price of 370% in 24 hours.
The GME token built on Solana, dedicated to GameStop, saw another significant rise in price today, and the coin went up by around 370% on CoinMarketCap, now trading at $0.01.
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The coin’s market cap is now approximately $95 million.
The other day, GameStop shares rallied before a halt in trading. GameStop last traded at around 83.2% after surging 110%. Trading was halted multiple times due to high volatility.
Roaring Kitty trading legend is back on X, after a break 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.
Roaring Kitty’s impressive story
Back in 2019, Roaring Kitty began posting the idea that GameStop was undervalued and back then, he purchased $53k worth of stock.
He continued and posted about the gaming company and more people joined him, causing the price of the stock to rise fast.
His stock value reached about $48 million in January 2021.
During the same year, in June, he shared a post about a kitten falling asleep on Twitter (now X) and then, he disappeared from social media.
— Roaring Kitty (@TheRoaringKitty) June 19, 2021
Yesterday, May 13, he posted a photo of a video gamer leaning forward on a chair.
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
His return to social media triggered the surge of 2 meme coins. The first was $GME and the second was $KITTY.
GME saw a price rise of over 2,500% while KITTY rose by 13,000%.
Roaring Kitty led retail investors to drive GameStop’s stock price to surge in 2021, and it also brought the meme season into the spotlight, triggering significant rises in prices for meme coins such as DOGE, as Lookonchain notes via X.
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While "Roaring Kitty" led retail investors to drive #GameStop's stock price to soar in 2021, it also brought about the meme season, driving #MEMEcoins like $DOGE to skyrocket. pic.twitter.com/Q1vYJRvm2g
— Lookonchain (@lookonchain) May 14, 2024
Lookonchain addressed some of RoaringKitty’s latest videos, saying that in them, he mentioned “The Dog Days are Over, The Dog Days are Done,” with cats appearing in the videos. This could mean that the upcoming meme season will be one that is cat-themed.
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We found in several of Roaring Kitty's latest videos that he mentioned "The Dog Days are Over, The Dog Days are Done", and cats also appeared in the videos.
This could mean that the upcoming MEME season will be cat-themed. pic.twitter.com/EAI5ujNocI
— Lookonchain (@lookonchain) May 14, 2024
Lookonchain continued and listed some important cat-themed meme coins, saying that whales and smart money could be on their way to purchase them. These included POPCAT, MEW, michi, MOG, TOSHI, KITTY and more.
What is GameStop?
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and this is the largest video game retailer worldwide.
GME is a meme token that’s dedicated to the project, paying tribute to the 2021 short squeeze of GameStop.
