{"id":530543,"date":"2024-06-03T09:12:09","date_gmt":"2024-06-03T09:12:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=530543"},"modified":"2024-06-03T09:12:09","modified_gmt":"2024-06-03T09:12:09","slug":"gamestop-surges-199-after-roaring-kitty-reveals-180-million-gme-stake","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gamestop-surges-199-after-roaring-kitty-reveals-180-million-gme-stake","title":{"rendered":"GameStop Surges 199% After Roaring Kitty Reveals $180 Million GME Stake"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The GameStop <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/gme\/\"><span style=\"font-weight: 400;\">price<\/span><\/a><span style=\"font-weight: 400;\"> surged over 199% in the last 24 hours after Keith Gill, known as &ldquo;<\/span><a href=\"https:\/\/insidebitcoins.com\/news\/cat-themed-cryptos-explode-after-roaring-kitty-returns-to-ignite-a-meme-coin-rally-led-by-gamestop-gme\"><span style=\"font-weight: 400;\">Roaring Kitty<\/span><\/a><span style=\"font-weight: 400;\">&rdquo; on X, revealed in a Reddit post that he is holding $181.4 million worth of GME stock and call options.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Known for his influential role in the 2021 GME short squeeze, the trader brought an end to his 3-year hiatus on Reddit after posting yesterday for the first time since April 2021.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Roaring Kitty Sitting On $6.8 Million Profit<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Gill shared a <\/span><a href=\"https:\/\/www.reddit.com\/r\/Superstonk\/comments\/1d6r5vp\/gme_yolo_update_june_2_2024\/\"><span style=\"font-weight: 400;\">screenshot<\/span><\/a><span style=\"font-weight: 400;\"> that shows he bought 5 million GME shares worth $115.7 million and allocated $65.7 million towards call options. These positions seemed to have paid off for him so far.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trader has gained more than $9.3 million through his GME holdings, according to the screenshot. However, he is sitting on an unrealized loss of almost $2.5 million on his call options.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Roaring Kitty has finally posted on Reddit after 3 years.<\/p>\n<p>He has $65M worth of <a href=\"https:\/\/twitter.com\/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GME<\/a> Gamestop calls with a $21 strike expiring in 19 days&hellip;<\/p>\n<p>He also has $115M of shares, making his total position close to $200M in Gamestop. <\/p>\n<p>Oh. My. Goodness. <a href=\"https:\/\/t.co\/yV5AWBZMnX\">pic.twitter.com\/yV5AWBZMnX<\/a><\/p>\n<p>&mdash; amit (@amitisinvesting) <a href=\"https:\/\/twitter.com\/amitisinvesting\/status\/1797429796848488802?ref_src=twsrc%5Etfw\">June 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Following the post on Reddit, Robinhood&rsquo;s overnight markets showed that GME on the traditional financial markets jumped over 19% in just 20 minutes. This spike saw the stock&rsquo;s value soar to $27.58.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">GameStop Leads The Pack As Meme Coin Market Lags&nbsp;<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/gamestop-price-prediction-gstop-plunges-15-on-roaring-kitty-snub-as-traders-shift-to-a-new-solana-token-for-parabolic-potential\"><span style=\"font-weight: 400;\">GameStop<\/span><\/a><span style=\"font-weight: 400;\"> was the best-performing meme coin over the past 24 hours. In second place was Hoppy (HOPPY), after its price rose more than 29% throughout the past day of trading.&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-530546\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/Roaring-Kitty-post-sends-GME-soaring-300x158.jpg\" alt=\"Roaring Kitty post sends GME soaring\" width=\"687\" height=\"362\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/Roaring-Kitty-post-sends-GME-soaring-300x158.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/Roaring-Kitty-post-sends-GME-soaring-1024x538.jpg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/06\/Roaring-Kitty-post-sends-GME-soaring.jpg 1200w\" sizes=\"(max-width: 687px) 100vw, 687px\"><\/p>\n<p><em><span style=\"font-weight: 400;\">Top-performing meme coins (Source: <\/span><a href=\"https:\/\/coinmarketcap.com\/view\/memes\/\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">With the recent surge, the GameStop price is up over 225% in the last 7 days. The rest of the meme coin market did not follow GME&rsquo;s trend, however, with the sector&rsquo;s collective valuation registering a slight drop during the same period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, the upbeat market sentiment following meteoric gains from GME could spillover to also have a positive impact on meme coin ICOs. <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/playdoge\" rel=\"nofollow\"><span style=\"font-weight: 400;\">PlayDoge<\/span><\/a><span style=\"font-weight: 400;\">, which has managed to raise more than $1.4 million through its presale in less than six days, could be one of the main beneficiaries of any reallocation of capital.&nbsp;<\/span><\/p>\n<p>Another red hot presale is <a href=\"https:\/\/insidebitcoins.com\/visit\/sealana\" rel=\"nofollow\">Sealana (SEAL)<\/a> on Solana, a project that has rocketed past $3 million in funds raised.<\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e\/\"><span style=\"font-weight: 400;\">Upcoming Crypto Presales: Unlock Early Investment Opportunities!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/trump-guilty-verdict-sends-political-meme-coins-skyrocketing-freetrump-coin-surges-633\"><span style=\"font-weight: 400;\">Trump Guilty Verdict Sends Political Meme Coins Skyrocketing, FreeTrump Coin Surges 633%<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/final-call-for-dogeverse-as-lowest-entry-price-ends-soon-claybro-presale-update\"><span style=\"font-weight: 400;\">Final Call for Dogeverse as Lowest Entry Price Ends Soon &ndash; 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on X, revealed in a Reddit post <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":523347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GameStop Surges 199% After Roaring Kitty Reveals $180 Million GME Stake - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The GameStop price surged over 199% in the last 24 hours after Keith Gill, known as \u201cRoaring Kitty\u201d on X, revealed in a Reddit post that he is holding\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameStop Surges 199% After Roaring Kitty Reveals $180 Million GME Stake\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-03T09:12:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/gamestop-green-and-red-graphs-kuuxyjda2vbs8wa0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steven Walgenbach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@__CryptoSteve\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steven Walgenbach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\"},\"author\":{\"name\":\"Steven Walgenbach\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/87782b69af094c4f9a428f68ec30855a\"},\"headline\":\"GameStop Surges 199% After Roaring Kitty Reveals $180 Million GME Stake\",\"datePublished\":\"2024-06-03T09:12:09+00:00\",\"dateModified\":\"2024-06-03T09:12:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\"},\"wordCount\":366,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543#respond\"]}],\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\",\"name\":\"GameStop Surges 199% After Roaring Kitty Reveals $180 Million GME Stake - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2024-06-03T09:12:09+00:00\",\"dateModified\":\"2024-06-03T09:12:09+00:00\",\"description\":\"The GameStop price surged over 199% in the last 24 hours after Keith Gill, known as \u201cRoaring Kitty\u201d on X, revealed in a Reddit post that he is holding\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/530543#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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