Roaring Kitty’s Reddit Comeback Sparks Meme Stock and GME Meme Coin Frenzy
GME and AMC Stocks Witness Market Revival Post Keith Gill’s Reddit Return Keith Gill, also known as Roaring Kitty. Made a notable return to social media in mid-May.
Sparking a significant surge in meme stocks like Gamestop (GME) and AMC, reminiscent of the 2021 hype. However, this resurgence was short-lived, as stocks like AMC and Gamestop plummeted just a week after Gill’s posts on X. Gill reappeared on Reddit, this time using the username “Deepf***ingvalue,” where he shared a screenshot on r/superstonk displaying $65.7 million in Gamestop call options, alongside his $115 million GME holdings.
It’s unclear if Gill fully controls the Reddit account or managed the X account. Meanwhile, meme crypto assets tied to the GME and “Roaring Kitty” hype have experienced significant gains, with tokens like GME, KITTY, and WSB showing double to triple-digit increases over the past day. GME stock itself has risen by 33%, and AMC has seen a more than 10% increase against the U.S. dollar.
Clever Robot News Desk 4th June 2024
