Keith Gill aka “Roaring Kitty” returned to Reddit after a 3 year hiatus and announced that he owns $181.4 million worth of GameStop (GME) stock and call options. 🎉
Shortly after his announcement, meme coins GME, ROAR, and KITTY surged 315%, 660%, and 477% respectively. However, the coins have now come back down, trading at $0.01005, $0.00959, and $0.00181 respectively.
GME is a Solana-based token that uses the same ticker as GameStop but has no official affiliation with the company. Likewise, ROAR and KITTY were inspired by Gill's online persona but not officially connected to him.
Not all reactions were positive, with some feeling frustrated by Gill's long absence and the resulting uncertainty for retail investors. However, what do you think about the return of "Roaring Kitty"? Come on, discuss it in the comments column! 😄