GameStop (GME), a Solana-based meme coin, once again ignited the meme coin market by surging more than 300% in the hours following legendary trader “Roaring Kitty”’s social post. 
At the time of writing, the GameStop-related meme coin, which has no official affiliation with the company, was trading at $0.01309, still up 220% in the past 24 hours, according to CoinMarketCap. The crypto asset’s trading volume also reached $213 million, growing more than tenfold in the same time frame. On June 3, stock trader Keith Gill, known online as "Roaring Kitty" who rose to fame for his role in the GameStop stock frenzy in late 2020, posted a cryptic image of a green UNO reverse card on X. The latest X post follows a series of cryptic messages and memes he has shared since returning to the social media platform in May. Other meme coins have also seen significant gains thanks to renewed buzz surrounding Roaring Kitty. Kitty AI, another unrelated meme coin, has more than doubled in value and is currently trading at $0.007139, according to CMC data. On June 2, Gill also made a rare appearance on Reddit, his first appearance since April 2021, sharing a screenshot that appeared to show that he purchased 5 million GME shares for $115.7 million. He also invested $65.7 million inCall options, betting that GME’s stock price will reach at least $20 per share by June 21. NoneThreshold into skirt V:Tanzhangii
Screenshot shows that Gill made more than $9.3 million on his GME stock holdings, although he also lost nearly $2.5 million on his call options. While the authenticity of this screenshot remains unconfirmed, its impact on market sentiment is huge. GameStop's stock price, which closed at $23.14 on May 31, has been trending upward over the past month, in part due to Gill's renewed activity on social media. Keith Gill, best known for his key role in the GameStop saga during the COVID-19 pandemic, is viewed by many as a key figure in the events that led to Reddit traders challenging hedge funds shorting the troubled brick-and-mortar gaming store. Their actions ultimately caused GameStop’s stock price to surge more than 1,000% in less than a month. Some market observers believe that the GameStop short squeeze set the stage for subsequent Dogecoin and Dogecoin as retail investors turned their attention to other speculative assets. The surge of Shiba Inu Coin paved the way.