In mid-May, Keith Gill - aka Roaring Kitty - re-surfaced on social platform X [formerly Twitter] after a period of three years. His comeback excited people across all markets. Retrospectively, stocks like GME and AMC started pumping. Alongside, meme coins like KITTY also went on to register four-digit pumps.
Now, in what is the latest development, the trader posted on his Reddit account 'DeepFuckingValue' for the first time since April 2021.
Gill posted a snapshot depicting his purchase of 5 million GameStop shares for $115.7 million. Furthermore, he diverted $65.7 million into call options. He envisions GME to be valued at least $20 per share on June 21. As depicted below, the trader has gained more than $9.32 million on his GME holdings. Contrarily, his call option position flashed a $2.46 million loss.
In the past, Gill used to regularly post on r/wallstreetbets. However, that subreddit has steered away from GME posts, with the moderator clarifying a few hours back that “this is not a GameStop subreddit.” The trader unveiled his latest position on the r/Superstonk subreddit, a forum where users speculate on GME.
Parallelly, Gill also posted a green Uno reverse card on X which ignited comments like “send it higher,” “the crowd goes wild,” “we are witnessing history,” and “there you go!”
Back during the pandemic, Gill’s predictions of GameStop stock price managed to instigate the meme-stock mania of 2021 that eventually resulted in a short squeeze. In fact, owing to the hype, the exchanges like Robinhood had to place restrictions and limit trading associated with meme stocks. Several also believe that this is what also set the base for SHIB and DOGE’s pump that year.
On the heels of the Gill's latest revelation, KITTY [a Solana-based meme coin] was trading 489% higher on the daily timeframe, while GME [another token on Solana] was up 251%. The stock - which also trades with the same GME ticker - opened above $40 on Monday, significantly notching up Gill’s gains.
