The prominent GameStop short squeeze instigator Roaring Kitty (real name Keith Gill) returned to the popular forum Reddit after a three-year hiatus. In a post published earlier on Monday (3rd), he displayed an image hinting that he may hold GameStop stock (stock symbol: GME) call options worth $65.7 million with a strike price of $20 and an expiration date of June 21. Additionally, the image suggested he holds 5 million shares of GME stock, valued at approximately $115 million.
Roaring Kitty also posted a picture of a green reverse card from the card game UNO on the X platform. This comes after a series of posts featuring famous movie and TV show clips from May 13 to 18 this year.
According to CoinMarketCap data, the meme coin GME on the Solana blockchain surged by about 220% in the three hours following Roaring Kitty’s Reddit post. As of the time of this article’s publication, the trading price of GME coin was $0.0118.
Believing that GameStop’s stock price was undervalued, Roaring Kitty led a group of retail investors against Wall Street short sellers in January 2021, sparking the famous “GameStop short squeeze event.” After years of silence, Roaring Kitty returned in May this year, initially posting a picture of a player leaning forward in a chair on the X platform, followed by many famous movie and TV show scene clips.
Although Roaring Kitty’s posts in May did not contain any accompanying text, they led to a sharp increase in GameStop’s stock price, with a 271% surge in just two days. However, the GME stock price fell back to pre-surge levels in the following week.
Related report: “GameStop short squeeze instigator returns, meme coin of the same name surges over 6,000%”