GameStop

Roaring Kitty

Kitty

<p>GameStop (NYSE: GME), a meme stock, has surged on Wall Street as Roaring Kitty builds an additional $586 million worth of stock and options positions. This led to a remarkable 47.45% increase in GME stock price in a single day, closing the trading session at $46.55 on Thursday. Conversely, the Solana-based meme coin GME experienced a surge of 118%.</p> 
<h3 id="the-gamestop-price-rally">The GameStop Price Rally</h3> 
<p>The GameStop price rally has been unstoppable with more than 200% gains over the last month with the entry of <a href="https://coingape.com/gamestop-jumps-300-as-roaring-kitty-takes-huge-gme-call-options/" target="_blank" rel="noopener">Roaring Kitty</a> making things much more interesting. Keith Gill, widely known by his online alias RoaringKitty, has announced a YouTube livestream scheduled for Friday. A screenshot shared on Reddit reveals that Gill’s combined stock and options position is now valued at approximately $586 million.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Roaring Kitty, DeepFuckingValue has updated his GameStop, <a rel="nofollow" href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> position.</p> 
 <p>He is worth now over $586 MILLION, with a 219% gain so far. <a rel="nofollow" href="https://t.co/OM7nMayCvZ">pic.twitter.com/OM7nMayCvZ</a></p> 
 <p>— unusual_whales (@unusual_whales) <a rel="nofollow" href="https://twitter.com/unusual_whales/status/1798811129516597722?ref_src=twsrc%5Etfw">June 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Well, it seems that we might yet again see a repeat of the 2021 classic battle between retail investors and hedge funds. Earlier this week, <a href="https://coingape.com/citron-research-is-shorting-gamestop-again-will-it-win-this-time/" target="_blank" rel="noopener">Citron Research co-founder Andrew Left</a> announced that he would be shorting the GameStop stock again, after closing the May position. Commenting on Roaring Kitty building massive positions in the market, Left said: &nbsp;“He might as well be a hedge fund manager”.</p> 
<p>In the after-market hours, the GameStop stock price has surged by an additional 31%. Popular investor Anthony Pompliano stated: “Roaring Kitty potentially becomes a billionaire tomorrow if GameStop hits $69 a share. If that wasn’t crazy enough, he’ll be live-streaming it. From blowing up billionaire’s funds to becoming one himself. Insane”.</p> 
<h3 id="solana-based-gme-meme-coin-rallies">Solana-based GME Meme Coin Rallies</h3> 
<p>Along with the GameStop rally on Wall street, the digital asset market has seen significant activity, with <a href="https://coingape.com/markets/can-gamestop-gme-price-lead-meme-coin-rally-to-1/" target="_blank" rel="noopener">Solana-based meme token GME</a>, inspired by GameStop but not affiliated with the company, surging over 118% in the past 24 hours, according to CoinGecko data.</p> 
<p>This spike occurred despite a broader crypto market pullback. Similarly, the micro-cap AMC token, which shares its name with the troubled movie theater chain but has no affiliation, also saw a jump of 118%. In fact this meme coin has surged by a staggering 4,600% over the past month, thereby hitting a new all-time high.</p> 
<p>Some market analysts are also giving a $1 price target for the $GME meme coin.</p> 
<p>The post <a href="https://coingape.com/meme-coin-gamestop-gme-jumps-118-roaring-kitty-eyes-billionaire-status/">Meme Coin GameStop ($GME) Surges 118%, Roaring Kitty To Become Billionaire Soon?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Meme Coin GameStop ($GME) Surges 118%, Roaring Kitty To Become Billionaire Soon?

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