Legendary Trader Roaring Kitty Posts Comeback Meme, Solana Memecoin $GME Soars 500%

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Keith Gill, also known online as Roaring Kitty (also known by other aliases such as DeepF*ckingValue), posted a cryptic meme about X.

Notably, this was Gill’s first post in about three years since the events surrounding the GameStop case and the shutdown of the WallStreetBets subreddit.

The meme depicts a man leaning forward from a seated position while holding what appears to be a smartphone. Specifically, the meme has a red chair and a red arrow pointing to the right, indicating some sort of movement or change of direction.

Gill is widely credited with raising the bar GameStop stock rise in late 2020. Gill worked as a financial analyst, became convinced that GameStop stock was undervalued, and shared this belief on Twitter (now X) and YouTube using the handle RoaringKitty.

In 2019, Gill purchased $53,000 worth of GameStop shares. As he continued to post about the stock on social media, more and more retail traders (ordinary people who trade stocks) began buying GameStop, leading to a rapid rise in the stock price. When GameStop’s stock price peaked at $483 per share in January 2021, Gill’s investment was valued at nearly $48 million.

Gill’s identity was revealed shortly after GameStop’s stock surge by Reuters which identified him using public records. In February 2021, Gill testified to Congress regarding his role in the GameStop stock saga, stating that he believed the stock was “dramatically undervalued.”

In September 2022 and 2023, Netflix and Sony Pictures released a docuseries and film titled “Eat the Rich: The GameStop Saga” and “Dumb Money,” respectively, which highlighted Gill’s journey.

A Solana memecoin ($GME) created to commemorate events surrounding the GameStop controversy suddenly surged 510.9% just over eight hours after Gill’s X post.

“The $GME memecoin pays homage to the anniversary of the GameStop saga, proving that we can stand together with the big guys,” says the token’s official website.

According to data from CoinGecko, the token’s price has remained largely inactive since its creation in late January. It is unclear whether Gill has any connection to the token.

Disclaimer: The author holds no cryptocurrencies worth more than $100 and purchases cryptocurrencies only for utility and experimentation, not for investment.

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