GameStop Stock and Solana Meme Coin Surge After Roaring Kitty’s Latest Message

Keith Gill, also known as “Roaring Kitty,” recently stirred market activity with a cryptic post on X, triggering significant price movements in both GameStop shares and a Solana-based meme coin.

Following the post, which featured a Time magazine cover with a retro computer and video player, GameStop’s stock surged by over 15%, leading to trading halts on Robinhood due to heightened volatility.

At the same time, a meme coin related to GameStop on the Solana blockchain saw its value rise by 65%, highlighting the ongoing power of meme culture in influencing both traditional and digital markets.

Gill, famous for his pivotal role in GameStop’s 2021 rally, which saw the stock skyrocket 10,000% and sparked congressional inquiries into retail trading practices, continues to have a major impact through his social media presence.

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His actions and the subsequent trading restrictions during the 2021 event fueled widespread allegations of market manipulation, particularly in relation to the significant short positions held by hedge funds.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.