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Sunday, November 3, 2024

The Magnificent Return of the GameStop Phenomenon to the Markets: These Altcoins Have Taken Flight!

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On social media in early May Keith Gill, the stock trader and analyst known as “The Roaring Kitty” who largely fueled the GameStop frenzy in late 2020. He signaled his return to the markets after three years of silence.

Roaring Kitty more than three years later to reddit It returned and fueled the rise in some altcoins.

Sharing on Reddit, Gill said that he has a $181.4 million GameStop (GME) As he shared his position, it led to a significant increase in GME stock price.

Gill’s post also included some altcoinIt also led to an increase in . GME, ROAR and KITTY While the named meme tokens experienced a big jump after Gill’s post, according to the data, they increased by up to 315%, 840% and 500% respectively.

during writing GME $0.0129; KITTY $0.0144 and ROAR It continues to trade at $0.0018.

After these increases, an investor sold 3.5 million GME at $0.01226 for 260 SOL ($43 thousand).

lookonchaiThis investor, who is good at buying GME low and selling high according to n, still has $1.5 million worth of GME in his hands.

“Since TheRoaringKitty returned, GME ‘s Solana price is up more than 300%.

This smart investor’s limit order was triggered and sold for 3.5 million GME 260 SOL ($43k) at $0.01226.

This smart trader is good at buying GME low and selling high!

He still has 108 million GME ($1.5 million) and his total profit is approximately $1.37 million.”

*This is not investment advice.

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