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GameStop short squeeze instigator Roaring Kitty returns, GME stock/token surges

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GameStop short squeeze instigator Roaring Kitty returns, GME stock/token surges

Roaring Kitty, who led the epic GameStop short squeeze, has resurfaced after three years of silence, posting stickers and a series of videos on X for the first time. Yesterday, GameStop's stock surged 74%, continuing to rise by 23% after hours. The GME token, named after GameStop, also skyrocketed over 1800%.

Roaring Kitty's Short Squeeze Saga

Roaring Kitty, also known as Keith Gill, with 840,000 followers on X and 608,000 subscribers on YouTube, gained attention in 2021 for his videos analyzing GameStop, attracting a group of retail investors who rallied together to buy GameStop stock and call options using the then no-commission brokerage Robinhood. This caused significant losses for hedge funds heavily shorting GameStop. Netflix is producing a documentary about this epic event titled "The Wall Street War: GameStop's Legend."

Around the same time, traders also flocked to Dogecoin, a cryptocurrency that started trading below $0.01 per coin in January 2021 and surged above $0.50 in May before retracing.

Is Roaring Kitty Making a Comeback?

Roaring Kitty, who has not posted in three years, shared a sticker on X yesterday showing a player leaning forward in a chair, indicating a serious gaming session. He then released several videos, including one featuring superheroes from the Avengers movie. Could this signal a new project from Roaring Kitty?

Yesterday, GameStop stock surged 74%, continuing to rise an additional 23% after hours. The GME token, sharing the same name as GameStop, also skyrocketed over 1800%.