- Notable investor Keith Gill, also known as Roaring Kitty on social media, breaks his silence after three years.
- Gill’s return to the public eye has caused a significant stir in the meme coin market, with KITTY’s price soaring by 6,000% following his post.
- According to blockchain analysis platform Lookonchain, one lucky trader managed to multiply their investment by 32 times, making a total profit of $94,000.
Keith Gill, popularly known as Roaring Kitty, returns to social media, causing a massive surge in the price of meme coin KITTY. One trader reportedly made a profit of $94,000 following Gill’s post.
Roaring Kitty Breaks His Silence
Keith Gill, an influential investor in the United States, recently ended his three-year hiatus from social media. Known for his insightful analyses during the GameStop saga in the pandemic era, Gill’s first post after his long silence has caused quite a stir in the crypto market.
Impact on the Meme Coin Market
Operating under the pseudonym Roaring Kitty on social media, Gill’s return has had a noticeable impact on the meme coin market. The price of KITTY, a popular meme coin, skyrocketed by 6,000% following his post. This significant price surge underscores the influence of prominent figures in the volatile crypto market.
A Lucky Trader’s Windfall
Lookonchain, a blockchain analysis platform, reported that a fortunate trader managed to capitalize on this price surge. The trader purchased 17.4 million KITTY for 21.1 Solana just before Gill’s tweet. Following the price increase, the trader sold 12.8 million KITTY for 294 Solana, equivalent to $41,000, and still holds 4.6 million KITTY. This savvy move resulted in the trader multiplying their investment by 32 times, yielding a total profit of $94,000.
Conclusion
The recent developments highlight the significant influence of prominent figures on the crypto market. With the potential for massive profits, as demonstrated by the lucky trader, the volatile meme coin market continues to attract investors. However, it’s crucial for investors to stay informed and exercise caution given the market’s unpredictable nature.
