Breaking Crypto News – What is Roaring Kitty’s Secret to GameStop Stock Soar?

Breaking Crypto News – Why Did GameStop Stock Soar?

Breaking Crypto News – As short sellers are bleeding, GameStop (GME) shares might make Keith Gill, or “Roaring Kitty,” the first GME billionaire as early as this week. With his GME position already up more than $300 million, Gill is the trader most commonly recognized for beginning the GameStop saga. A June 3 X post from The Kobeissi Letter states that Gill could become a millionaire this week if GameStop’s climb continues.

“Roaring Kitty” is currently up over $300 million in his $GME position. The stock has now added $5 BILLION of market cap today alone. He could become a billionaire this week.

Kobeissi Letter

Could Gill’s Reddit Post Have Increased Share Prices?

This week, interest in the GME stock increased after Gill revealed on Reddit that, as of June 2, he possessed $181.4 million in GME stock and call options. According to Gill’s screenshot, he wagered that GME would trade at least $20 per share on June 21 and paid $115.7 million for five million GME shares. He also invested $65.7 million in call options. At $31.38, the price of GME stock has increased by more than 40.5% over the last month and by more than 36.86% over the last five days.

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