coinspress.com
The individual known as "Roaring Kitty," a central figure in the meme stock phenomenon during the pandemic, reappeared on the social platform X after a three-year hiatus.
His return sparked a surge in the prices of certain stocks, including GameStop and AMC, as trading commenced on Monday.
Keith Gill, under the moniker “Roaring Kitty,” shared an image on Sunday, signaling a serious tone, followed by a brief YouTube video summarizing the bullish case for $GME.
GameStop, previously struggling in 2021 due to the shift to digital downloads, experienced a turnaround orchestrated by Gill and his supporters, defying expectations of bankruptcy.
Gill gained prominence in 2021 for his Reddit posts on Wallstreetbets, leading to a showdown between retail investors and hedge funds shorting GameStop stock.
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Despite fading from online forums following a video featuring sleeping kittens in June 2021, Gill’s reappearance reignited interest in meme stocks, driving significant price surges on Monday.
The story of Roaring Kitty and the meme stock frenzy has been adapted into a movie titled “Dumb Money.”