GameStop

Roaring Kitty

Kitty

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>The Gamestop (GME) token reached a new ATH today, and it saw a surge of 70%.</li> 
 <li>The GME token is paying tribute to the 2021 short squeeze of GameStop.</li> 
</ul> 
<p>The GameStop (GME) token saw a surge in price of about 70% today, after reaching a new ATH. The current market cap of the token is about $149 million.</p> 
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<p>The GME token is racing along with the latest reports about Roaring Kitty and his GameStop shares.</p> 
<p>Keith Gill is a stock trader aka <a href="https://x.com/TheRoaringKitty" rel="nofollow" target="_blank">Roaring Kitty</a> who was known for the GameStop short squeeze back in 2021. It seems that he’s on his way to becoming a billionaire as the GME shares continue to surge.</p> 
<p>Back on June 2, he posted that he had started trading the GameStop stock again with $180 million. The trader shared a $115.7 million position in GameStop shares and $65.7 million in call options on his Reddit account.</p> 
<p><a href="https://cointelegraph.com/news/gamestop-gme-memestock-surges-keith-gill-roaring-kitty-discloses-shares" rel="nofollow noopener" target="_blank"><img decoding="async" class="alignnone" src="https://s3.cointelegraph.com/uploads/2024-06/2dd5a8e8-5bdc-4d7f-babf-b4037bf50f0b.png" alt="2dd5a8e8 5bdc 4d7f babf b4037bf50f0b" width="877" height="423" title="GameStop (GME) Reaches A New ATH, Up By 70% Today 8"></a></p> 
<p>As expected, his revelation of another position on GameStop triggered rallies in the stock market, which led to an uptick in GameStop’s stock price.</p> 
<p>According to the latest reports, Robinhood’s overnight markets saw <a href="https://robinhood.com/us/en/stocks/GME/" rel="nofollow noopener" target="_blank">GameStop </a>jumping by 19% in 20 minutes after his post on Reddit, closing with shares of up to $38.8% in 2024.</p> 
<p><img decoding="async" src="https://s3.cointelegraph.com/uploads/2024-06/1f63341a-5c50-4313-b240-e13bee1cb093.jpg" alt="1f63341a 5c50 4313 b240 e13bee1cb093" title="GameStop (GME) Reaches A New ATH, Up By 70% Today 9"></p> 
<p>Now, the stock’s price is over $39.</p> 
<p>According to the latest reports, Gill is set to become a billionaire as GameStop stock rose to $67.50 per share in after-hours trading. Stock analysts claim that if it opens at current levels, his position would be worth around $1 billion.</p> 
<p>Gill made waves in the markets back in May as well, when he <a href="https://crypto.ro/en/news/roaring-kittys-return-sparks-bullish-run-for-gme-memecoin/">came back</a> on X after a 3 year break. This led to a considerable rise in shares and for the GME token which saw a surge of 370% in 24 hours.</p> 
<p>Now, Roaring Kitty’s moves seem to have triggered a new rally for the price of the GME token once again.</p> 
<h2 id="what-is-gamestop">What is GameStop?</h2> 
<p>GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and this is the largest video game retailer worldwide.</p> 
<p>GME is a meme token that’s dedicated to the project, paying tribute to the 2021 short squeeze of GameStop.</p>

GameStop (GME) Reaches A New ATH, Up By 70% Today

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