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.
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.
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The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
Snorter Token ($SNORT) is a new meme coin and utility token designed to enhance crypto trading with its Telegram-native trading bot, Snorter Bot. This bot is equipped with sniping capabilities, copy trading, and swap functionalities, offering traders the ability to profit from the volatile crypto markets. As the presale has garnered significant attention, raising over […]
Bitcoin-focused investment firm Strategy Inc. (formerly MicroStrategy) is facing mounting legal pressure as at least five law firms have filed class-action lawsuits over the company’s $6 billion in unrealized Bitcoin losses.