Keith Gill, aka Roaring Kitty, is on his way to becoming a billionaire with his meme stock GameStop. The trader created a $586 million stock and options position in GME. In after-market hours, GameStop’s stock price continued to rise. Solana-based meme coin GME has gained a staggering 4,600% over the past month.
GameStop price rally
Meme stock Gamestop (NYSE: GME) is roaring on Wall Street after Roaring Kitty created an additional stock and options position worth $586 million. GME stock price gained a staggering 47.45% in a single day on Thursday. Thus, the stock price finished the trading session at $46.55. In comparison, Solana-based meme coin GME is up 118%.
The GameStop price rally made things a lot more interesting with the entry of Roaring Kitty. Thus, it has become unstoppable, with gains of more than 200% last month. Keith Gill, who we know by the pseudonym RoaringKitty, announced a YouTube live broadcast planned for Friday. A screenshot shared on Reddit reveals that Gill’s combined stock and options position is currently worth approximately $586 million. One whale watcher wrote, “RoaringKitty, DeepFuckingValue GameStop updated its GME position. It is worth over $586 MILLION with a 219% gain so far.” said.
We are witnessing a repeat of the classic 2021 battle between individual investors and hedge funds. Earlier this week, Citron Research co-founder Andrew Left announced he would short GameStop stock again after closing out his May position. Commenting on Roaring Kitty’s creation of huge positions in the market, Left said, “He could also be a hedge fund manager.” said.
GameStop stock price rose another 31% in after-market hours. Popular investor Anthony Pompliano said, “Roaring Kitty would potentially become a billionaire tomorrow if GameStop reaches $69 per share. If that’s not crazy enough, he’ll be livestreaming it. From blowing up billionaires’ funds to becoming a billionaire himself. Crazy!” said.
Solana-based GME meme coin is booming!
With the GameStop rally on Wall Street, there was a significant movement in the digital asset market. GME, the Solana-based meme coin inspired by GameStop but unaffiliated with the company, has exploded. The token has increased by over 118% in the last 24 hours. This increase occurred despite a broader crypto market pullback. Similarly, microcap AMC token, which shares its name with but is not affiliated with the troubled movie theater chain, also jumped 118%. cryptokoin.comAs you follow from , this meme coin is up a staggering 4,600% in the past month. Thus, it reached an all-time high. Some market analysts also give a price target of $1 for GME meme coin.
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