Roaring Kitty X Post Surges Memecoins and GameStop Stock

Roaring Kitty X Post Surges GameStop Stock and Memecoins: Full Details

Roaring Kitty, the online alias of stock and memecoin influencer Keith Gill, has once again made waves in the financial world with his latest cryptic post on X. Known for his pivotal role in the GameStop short squeeze of January 2021, Gill’s influence on the market remains significant, as evidenced by the recent surge in GameStop and AMC stocks, as well as related memecoins.

Roaring Kitty X Post Influence on GameStop Stocks

In a post dated December 5, Roaring Kitty shared an altered version of a 2006 Time magazine photo illustration paying homage to YouTube, without providing any additional context. 

Source: X

This seemingly innocuous post had an immediate impact on the market. Traders reacted swiftly, propelling GameStop stocks to surge over 16% during the trading session, with the stock peaking at $30.87, according to Google Finance. This movement is reminiscent of the significant spike seen during the 2021 short squeeze that saw GameStop’s stock reach an all-time high of over $81.

AMC stocks also experienced a notable increase, surging 12% to a peak of $5.55 during the same session. However, it remains significantly below its all-time high of $261, recorded on June 18, 2021.

Impact on the Crypto Space: GameStop Memecoins

Roaring Kitty’s latest post didn’t just affect traditional stocks. The ripple effect extended to the crypto space, particularly to unofficial GameStop memecoins. 

Source: CoinMarketCap

The GameStop (GME) memecoin saw a remarkable surge of 54.21% in a single day, currently valued at $0.0001983. Another memecoin, GameStop Coin (GME), recorded an even more impressive surge of 109.38%, reaching $0.0001108. These spikes highlight the significant influence Roaring Kitty continues to wield in both the stock market and the cryptocurrency space.

Who is Roaring Kitty?

Keith Gill, better known as Roaring Kitty, gained widespread recognition for his role in the GameStop short squeeze, where retail investors turned the tables on Wall Street short-sellers. His detailed analysis and enthusiastic online presence rallied a large community of investors, driving GameStop’s stock to unprecedented heights. Gill’s insights and posts, often shared under his Roaring Kitty Twitter handle, continue to attract substantial attention and influence market movements.

Conclusion 

Roaring Kitty’s latest X post has once again demonstrated his power to sway the market, propelling GameStop and AMC stocks, as well as related memecoins, to significant gains. This event serves as a reminder of the profound impact social media influencers can have on both traditional and digital financial markets.