- Keith Gill revealed that he had a $200 million GME.
On Sunday, Keith Gill, a well-known trader connected to the 2021 GameStop short squeeze and also known by the handle “Roaring Kitty,” made a reappearance on social media.
The market for meme coins went into overdrive upon his reappearance, with the Solana-based meme coin $GME leading the charge. According to CoinMarketCap data, the memecoin’s value more than tripled and its market cap surpassed $100 million, a 300% increase over the previous few hours.
Currently, $GME is trading at approximately $0.0147 as of this writing. At over $150 million, trading volumes increased by more than six times.
Amidst the excitement, the value of coins with a cat motif, like Kitty AI, has doubled.
Two weeks after making his first post in three years, Gill has returned to the social network X. He posted the Uno game’s reverse card in his most recent comeback.
For the first time since April of last year, the trader made a reappearance on Reddit, sharing a screenshot showing that he had invested $65.7 million in call options and bought 5 million GME shares for $115.7 million, all with the hope that the company’s share price would at least hit $20 by June 21.
GameStop’s stock responded quickly to the Reddit article, shooting up 19.19% to $27.5 in just 20 minutes. Prior to this, GameStop’s shares had closed at $23.14, representing a 38.8% increase since the beginning of the year.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
