GameStop Soars 130% After Roaring Kitty Returns

GameStop’s stock (GME) is up 130% in premarket trading, officially placing it among the 500 largest public companies in the U.S. the day after Roaring Kitty returned to Twitter.

This comes the day after Keith Gill, most well-known by his Reddit usernames, Roaring Kitty or DeepFuckingValue, returned to social media after three years of silence. He was a core contributor to the 2021 GameStop short squeeze, the story of which was retold in the feature film, “Dumb Money,” with Paul Dano starring as the meme stock influencer.

Roaring Kitty’s first tweet after three years was an image of a man sitting up in his seat, holding a controller, concentrating more on the game he’s playing. This immediately sparked interest in the GameStop stock, doubling its price, and pausing trading multiple times. But, Gill didn’t stop tweeting.

Over the next 12 hours, the Twitter account posted 12 videos of iconic movie scenes and monologues edited together by the cryptic tweeter himself. Presented without comment, Twitter users have attempted to decipher what this all means.

Meanwhile, GameStop and AMC stocks have already been halted 7 times each today by Nasdaq due to volatility. This follows GME being halted 9 times total yesterday. Market volatility automatically triggers circuit breakers that temporarily halt trading for a given stock. This happened multiple times during the 2021 meme stock craze.

None of the posted videos directly mention GameStop. Despite this, due to Gill’s well-established links to the GME stock, many assume it all relates back to the stock which he famously told Congress that he likes. In turn, GME continued to rise and is now up 130% in premarket trading. Alongside this, a slew of GameStop-related meme coins launched on Solana and a GameStop tribute token surged 1,900%.

As time has passed, some have started to find deeper, more hidden meanings within the videos. “The best minds of our generation are thinking about what Roaring Kitty means with those videos,” DeFi Llama dashboard builder, 0xngmi said on Twitter.

One of Roaring Kitty’s latest videos says “the dog days are over,” while showing cats on-screen. In response, popular crypto Twitter trader Ansem screamed, “WE NEED YOU TO TELL US WHICH CATCOINS TO BUY.”

For this reason, they believe that the meme influencer is saying that cat-themed meme coins are the future.

Maybe most notably, however, one video clearly features an Ethereum logo—presumably added by Gill himself. What does this mean? “Idk but I just bought moar,” one Twitter investor said.

Some Pepe investors appear to believe one video hints at their token, due to an army’s skin turning green. This led to a price jump of 5.5% in a matter of minutes.

While another tweeter thinks that the same clip is a shout-out to a meme coin NFT project called NPC. The author of the tweet believes the characters in the video are gray—a key feature of the NPC avatars. But, as many point out in the replies, the characters in the video are clearly green. While crypto Twitter continues to grasp at straws, Roaring Kitty hasn’t posted for 13 hours.

The return of Roaring Kitty has reignited the meme stock and crypto markets, with GameStop experiencing significant gains and sparking a wave of speculation and excitement. As the community continues to decode his cryptic messages, the impact on both stocks and meme coins remains substantial.