Gamestop and AMC stocks have experienced a resurgence in the market following Keith Gill’s reappearance on Reddit. Gill, also known as “Roaring Kitty,” has reignited interest in meme stocks and meme coins associated with the Gamestop and Wall Street Bets trend. In the past 24 hours, crypto assets like GME and KITTY have seen significant gains, with triple-digit increases.
The meme stock frenzy that began earlier this year has once again been ignited by Keith Gill’s return to social media. This has resulted in a sharp rise in Gamestop, AMC, and other meme stocks, reminiscent of the hype seen in 2021. However, this revival was short-lived, as stocks like AMC and Gamestop plummeted just a week after Gill’s posts on X. But now, Gill has made a comeback on Reddit using the username “Deepf***ingvalue.”
Instead of posting on the subreddit r/wallstreetbets, Gill shared a screenshot on r/superstonk, revealing holdings of $65.7 million in Gamestop call options. Additionally, Gill, who is also known as u/deepf***ingvalue, owned $115 million in GME. It is unclear whether Gill has full control over the Reddit account or if he managed the X account @theroaringkitty.
At the time of writing, meme crypto assets tied to the Gamestop and “Roaring Kitty” hype have experienced significant gains. Coingecko reports that the coin named GME has increased by a staggering 221%, while KITTY has surged by 298%. All tokens associated with the Wall Street Bets trend have seen double to triple-digit gains. For example, WSB has soared by 486% in just 24 hours. Metrics also show that GME stock is up by 33%, and AMC has risen over 10% against the U.S. dollar.
What are your thoughts on Roaring Kitty’s return to Reddit? Feel free to share your opinions and thoughts on this matter in the comments section below.
