Dan Cristian Pădureț | Unsplash
Undoubtedly a topic we should discuss today is the GameStop actions. Roaring Kitty reappeared on social media after a few weeks of absence, and to everyone's surprise, the price of $GME drastically rose to $38.88.
The Twitter account Roaring Kitty is owned by Keith Gill, an influencer in the world of stocks and memes with experience as a financial analyst. In 2021, a very interesting year we should reminisce about, he played a significant role in the short squeeze of GameStop, causing the stock to soar to an astonishing $483, marking a historical peak.
Many have taken advantage of this momentum to make significant profits due to the price fluctuations. However, it's true that retail investors have benefited the most, while some hedge funds have suffered considerable losses.
It's incredible how much a single account can represent upon its return. Many are eagerly waiting to see if an opportunity arises, and when it happens, everyone will be talking about it, fueling further interest in an investment that everyone should consider joining.
The surprise came when on Reddit, a user under the name DeepFuckingValue posted in the SuperStonk subreddit, claiming to be the GameStop whale and disclosing a series of $20 stock purchases on GME, set to expire on June 21. It's highly likely that the stock price will rise by that date.
Before Roaring Kitty declared himself as the GameStop whale, his position had grown to $116 million, and another whale had previously made over $44 million in profits by selling GME options.
Following Keith Gill's return, the price of GME has doubled since Friday, potentially pushing Gill's holdings to $214 million after the US markets open. This significant event did not go unnoticed, with popular accounts like unusual_whales showcasing the remarkable achievement by a GameStop whale.
On the other hand, when it comes to cryptocurrencies, there seems to have been a similar effect to this. For we are faced with a significant bullish push of $GME, a GameStop memecoin that has managed to rise towards nearly $0.01, which for a memecoin is something monumental. The volume in the 24 hours stands at $244 million dollars, with a market capitalization of $88 million dollars.
It should be noted that it had a maximum price of $0.01 today. If we look at the 24-hour range, it shows significant demand for assets, which causes its price to skyrocket in just a few moments. A growth of 154.5% is considered exceptional.
This memecoin can be obtained on the Solana network, and if we visit the website wallstucks.lol, we will likely find more information about its creation and reasons for existence. It is not unreasonable to consider waiting for new highs.
- Main image edited in Canva.
- I have consulted information in decrypt.co.
- I have used Hive Translator to translate from Spanish to English.
Posted Using InLeo Alpha
It's amazing how much influence Keith Gill still has on GME stock😳. His return really sparked a big price jump didn't it. It’s very very exciting to see how retail investors can drive such movements
There is no doubt that this is a person of great influence. Investors are very smart about what moves to make.
Indeed you're right on that good friend
That figure is indeed huge. Depending on how he wishes to hold on, those figures could double. Anyway one should be aware of volatility, this is crypto and adding to that a memecoin
It is something where anything can happen, but with the necessary knowledge you can take advantage of it, even in the face of high volatility.
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