Keith Gill, also known as Roaring Kitty, the driving force behind the GameStop short squeeze, has made a new post on the popular forum Reddit after a three-year hiatus. In the article published earlier on Monday, he shared an image suggesting that he may hold call options for GameStop (stock code: GME) worth $65.7 million, with a strike price of $20 and an expiration date of June 21. Furthermore, the image also hinted at him holding 5 million shares of GME stock, valued at approximately $115 million.
Source: Reddit
Roaring Kitty also shared a picture of a green reverse card from the card game UNO on the X platform. This comes as his latest tweet following a series of popular movie and TV show clips posted between May 13 and 18.
According to data from CoinMarketCap, the meme coin GME on the Solana blockchain experienced a surge of about 220% in the three hours following Roaring Kitty’s Reddit post. As of the time of this article’s publication, the trading price of GME coin was $0.0118.
Due to his belief that GameStop’s stock price was undervalued, Roaring Kitty led a group of retail investors against Wall Street short sellers in the famous “GameStop short squeeze” in January 2021. After years of silence, Roaring Kitty made a comeback in May this year, starting with a picture of a player leaning forward on a chair on the X platform. He then continued to post many famous movie and TV show scenes in the following days.
Although Roaring Kitty’s tweets in May did not include any of his own written descriptions, they caused a surge in GameStop’s stock price, reaching an increase of 271% in just two days. However, the GME stock price dropped back to its pre-surge level in the following week.
Related Report: “GameStop Short Squeeze Instigator Returns, Same-Named Meme Coin Soars Over 6,000%”
