After nearly three years of silence on social media, Keith Gill, famously known as “Roaring Kitty” or “DeepFuckingValue”, has made a surprising comeback on Twitter, igniting excitement and speculation within the investing community. Gill made his first post since taking a lengthy hiatus from social media in late 2021.
Gill posted a meme that depicts a moment of “locking in,” which is loosely interpreted for a period of great attention or focus. The majority of Reddit and X users appeared to interpret the image as a signal to lock into trading markets.
Roaring Kitty Sparks Stock Price Rallies
In typical fashion, Gill resumed tweeting with cryptic messages, further fueling speculation. His first post upon returning was an image of a person sitting up with a video game controller, devoid of any explicit reference to GameStop.
The mere act of his return triggered a price pump across the crypto and mainstream financial markets.
There were also notable increases in GameStop (GME) stock price and other “meme stocks” associated with Roaring Kitty. Pre-market GME prices shot up to 44%, then at market open, they shot up to 100%, causing trading to stop. Pre-market trading for AMC Entertainment Holdings (NYSE: AMC) increased by 12% and reached as high as 30% once the market opened.
Quite interestingly, there was a remarkable 1,900% surge for an unrelated GameStop meme coin on the Solana blockchain also named GME.
A number of microcap cat-themed meme currencies, like as kitten (kitten), saw exponential growth, and larger tokens like mog (MOG) and popcat (POPCAT) saw over 15% increases. Among the more well-known meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) saw increases of 5% and 7%, respectively.
Since his tweet more tokens mentioning Gill, TheRoaringKitty, GameStop, and “stonks” have appeared, manifesting the opportunistic behaviours prevalent in the cryptocurrency market.
Who is Roaring Kitty
Gill, AKA Roaring Kitty, became a household name in 2021 for his significant role in the GameStop stock saga. Through his bold investment insights shared on Reddit’s WallStreetBets forum, he galvanized thousands of retail investors to rally behind GameStop, resulting in an unprecedented surge in its stock price.
His accurate predictions and subsequent profits drew attention, earning him a hearing before the US Congress House Committee on Financial Services in February 2021. During the hearing, Gill emphasized his individual investor status, discrediting notions that he was affiliated with institutional investors or hedge funds.
Now, after a prolonged absence from social media, Gill’s return to Twitter has stirred both anticipation and curiosity among his followers. Some eagerly await his market insights and investment strategies, while others question the timing and motives behind his reappearance.
The image’s implicit message of “let’s do this” has led followers to speculate that Gill may be gearing up for another significant investment move. Regardless, one thing is undeniable—Gill’s influence on the market remains potent, evident from the immediate market reactions and engagement on his post.
His ability to sway retail investors hasn’t escaped the attention of Wall Street, ensuring that his return to social media will be closely monitored by participants in the financial markets. As speculation mounts, all eyes are on Roaring Kitty, awaiting his next move and the potential impact it may have on the investing landscape.
Image courtesy of pixabay
