Decoding Roaring Kitty: Traders Drive Up GameStop Stock
Crypto News– GameStop’s stock (GME) is up 130% in premarket trading, officially placing it among the 500 largest public companies in the U.S. This surge comes a day after Keith Gill, most well-known by his Reddit usernames Roaring Kitty or DeepFuckingValue, returned to social media after three years of silence. Gill was a core contributor to the 2021 GameStop short squeeze, a story retold in the feature film Dumb Money, with Paul Dano starring as the meme stock influencer.
Roaring Kitty’s Return Sparks Market Interest
Roaring Kitty’s first tweet after three years was an image of a man sitting up in his seat, holding a controller, concentrating more on the game he’s playing. This immediately sparked interest in GameStop stock, doubling its price and pausing trading multiple times. However, Gill didn’t stop there. Over the next 12 hours, his Twitter account posted 12 videos of iconic movie scenes and monologues, edited together by the cryptic tweeter himself. Presented without comment, these posts have led Twitter users to attempt to decipher their meanings.
The Power of Influence and Speculation
None of the posted videos directly mentioned GameStop. Despite this, due to Gill’s well-established links to the GME stock, many assume the tweets relate back to the stock which he famously told Congress that he likes. Consequently, GME continued to rise and is now up 130% in premarket trading.
Ripple Effects on the Crypto Market
Alongside the stock surge, a slew of GameStop-related meme coins launched on Solana, and a GameStop tribute token surged by 1,900%. The renewed interest in GameStop has clearly had a ripple effect, not only on its stock but also in the wider cryptocurrency market, highlighting the powerful influence of social media and key personalities in the trading world.
FAQs
Who is Roaring Kitty?
Roaring Kitty is the online pseudonym of Keith Gill, a prominent retail trader known for his role in the 2021 GameStop short squeeze. He is also known by his Reddit username, DeepFuckingValue.
What happened after Roaring Kitty returned to Twitter?
Following his return to Twitter after three years of silence, Keith Gill’s tweets sparked significant interest in GameStop stock. His first tweet featured an image that led to a doubling of GameStop’s stock price and multiple trading halts. Over the next 12 hours, he posted 12 cryptic videos, further fueling market speculation.
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