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.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
The team behind Pi Network is diving into the gaming industry with the release of FruityPi, a new application designed to highlight the practical use of its ecosystem tools, including the Pi cryptocurrency, wallet, and ad services.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.