Meme stocks like Gamestop (GME) and meme coins associated with the GME and Wall Street Bets trend have experienced an upswing following Keith Gill’s return to Reddit. Gill, also known as “Roaring Kitty,” has sparked renewed interest. Over the past 24 hours, crypto assets such as GME and KITTY have seen triple-digit gains.
Meme Stock and GME Meme Coin Craze Rekindled by Roaring Kitty's Reddit Return
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GME and AMC Stocks See Market Revival Following Keith Gill’s Reddit Return
In mid-May, the meme stock frenzy reignited with Keith Gill’s (Roaring Kitty) return to social media, sparking a sharp increase in gamestop, AMC, and other meme stocks, reminiscent of the 2021 hype. However, the revival was fleeting, with stocks like AMC and Gamestop plummeting a week after Gill’s posts on X. Then Gill reappeared on Reddit under the alias “Deepf***ingvalue.”
Instead of the subreddit r/wallstreetbets, u/deepf***ingvalue shared a screenshot on r/superstonk showcasing $65.7 million in Gamestop call options. Gill, the figure behind u/deepf***ingvalue, also held $115 million in GME. It remains uncertain whether Gill fully controls the Reddit account or if he managed the X account @theroaringkitty.
As of press time, meme crypto assets tied to the GME and “Roaring Kitty” hype have experienced notable gains over the past day. Coingecko reports that a coin called GME has increased by 221%, while KITTY has surged by 298%. All tokens named after the Wall Street Bets trend are showing double to triple-digit gains. For instance, WSB has soared by 486% in 24 hours. Metrics indicate that GME stock is up 33%, and AMC has risen more than 10% against the U.S. dollar.
What do you think about the return of Roaring Kitty on Reddit? Share your thoughts and opinions about this subject in the comments section below.
