Yesterday (May 13, 2024) saw the return of Keith Gill, AKA Roaring Kitty. Keith Gill is an American financial analyst and investor who rose to fame for his posts on the ‘WallStreetBets’ subreddit and leadership of the retail investor GameStop revolution in 2021. Meme coin markets haven’t skipped a beat.
Due to his deep analysis and public trading of his GME stock investment, Keith Gill is seen as a key player in the GameStop short squeeze of January 2021.
Who Is Roaring Kitty and Why is He Important for Crypto?
He regularly posts videos on YouTube detailing his investment strategy and also on Reddit. With all eyes on him, Keith quickly became the spark for the subsequent trading frenzy in retail stocks.
The rising stock value of GameStop saw Keith Gill turn a $53,000 investment into one worth close to $50 million (as of January 28, 2021).
The Roaring Kitty’s return is due to the Robinhood trading platform once again shutting down the option to buy GME stock, sparking a meme stock rally similar to 2021.
Since this happened yesterday, GME stock went up from $17 to over $30, and the GameStop meme coin on Solana is pumping. Upon his return to social media, Keith posted videos after videos of famous clips from well-known TV shows and movies.
Reports are coming through that Robinhood has shut down the buying of $GME again and South Korea Market also is not allowing the buying of GameStop shares in pre-market hours. pic.twitter.com/Mj7t0NozZ2
— Kevin Malone (@Malone_Wealth) May 13, 2024
Roaring Kitty – Meme Coin Named After Keith Explodes Over +30,000% in Less Than 24 Hours
While Keith hasn’t posted anything more than these video clips, this hasn’t stopped the crypto world from reviving a dead meme coin named after his Roaring Kitty alias.
KITTY was launched at the end of March and saw a little success before seemingly dying off. That all changed once Keith jumped back onto social media after a three-year break.
A combination of the Robinhood/GameStop news coupled with Keith’s first post back on X saw Roaring Kitty (KITTY) pump over +20,000% from $0.0002 to $0.05 and is currently consolidating at $0.03.
Even with this insane pump, Roaring Kitty’s market cap is still only $25 million. The most incredible part of this meme coin revival is the volume. In just over 24 hours, Roaring Kitty has processed over $55 million in volume over the past 24 hours.
DISCOVER: The Best Solana Meme Coins to Buy in May 2024
With the GameStop Drama Continuing, Is Kitty Just Getting Warmed Up?
$KITTY Launched ahead of its time. Right before the market nuked, today as @TheRoaringKitty makes his return the chart is up 10000x with a new ath of $40m. This is why we don't jeet bottoms. pic.twitter.com/uFDN1Jfpqh
— POΞ (@Poe_Ether) May 13, 2024
The official GameStop stock continues to rise, and the GameStop meme coin on Solana is also rising, reaching over $115 million in volume over the past 24 hours.
It is safe to say this narrative is just getting started. With Keith back in the picture and market participants aiming for a GameStop short squeeze round two, the Roaring Kitty meme coin is going from strength to strength.
Once Keith takes a break from posting videos on X and begins speaking out about the current situation, KITTY’s next step will be an explosive one.
EXPLORE: Robinhood v/s SEC: A Pivotal Battle Over Crypto’s Regulatory Future
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
