- Keith Gill, known as TheRoaringKitty on social media, has made his first post since June 2021, causing a surge in meme coins and GameStop (GME) shares.
- Following a series of cryptic video posts, dozens of Wolverine-themed meme coins were launched, with some experiencing up to 2000% increases.
- Additionally, meme coins such as Pepe (PEPE), Dogecoin (DOGE), and dogwifhat (WIF) saw increases of up to 30%, while GME shares rose by 117% in a matter of hours.
Keith Gill, also known as TheRoaringKitty, has sparked a surge in meme coins and GameStop shares following his first social media post in nearly a year.
TheRoaringKitty’s Return
Known for his role in the GameStop saga, Keith Gill made his return to social media on May 13th, after a hiatus since June 2021. His posts, which included a series of cryptic videos, had a significant impact on both meme coins and GameStop shares. One video featured a rebirth scene of an X-Men character, which was followed by the launch of dozens of Wolverine-themed meme coins, according to Dextools data.
Impact on Meme Coins and GameStop Shares
While the majority of these projects were pump-dump, some managed to display increases of up to 2000% and maintain those levels for a while. Moreover, meme coins such as Pepe (PEPE), Dogecoin (DOGE), and dogwifhat (WIF) experienced increases of up to 30%. GameStop shares also saw a significant boost, with their value rising by 117% within hours, from $17.14 to $37.19.
TheRoaringKitty’s Influence
TheRoaringKitty was one of the key figures who initiated a financial resistance through GME shares in 2021, leading to a massive short squeeze wave that made major headlines. His recent return to social media and the subsequent impact on meme coins and GME shares underscore his influence in the financial market.
Conclusion
The return of TheRoaringKitty has once again stirred the financial market, particularly impacting meme coins and GameStop shares. As the crypto and stock market continue to evolve, the influence of social media figures like TheRoaringKitty cannot be underestimated.
