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He just returned, and GameStop is going crazy again. Roaring Kitty posted a mysterious image on X after disappearing for months, and within hours GME jumped 8% with trading halted. The community is in full detective mode trying to decipher what that TIME cover with a paused screen means.
For those who don’t know, Keith Gill is practically a legend in the retail investor world. A few years ago, he led the entire GameStop movement that left Wall Street trembling. His initial investment of $53,000 turned into $48 million when GME surged over 1,000%. Since then, every time Roaring Kitty moves, the market responds. Earlier this year, he showed he’s still in the game with 9 million shares in his possession.
What’s interesting is the timing. Bitcoin is at its all-time high, and the entire crypto sentiment is bullish. Meanwhile, Roaring Kitty returns just as the global market is also on the rise. It might be a coincidence, but the retail investor community and meme stock followers are convinced that something big is coming. GameStop’s earnings report is on December 10, so there’s likely more movement ahead.
This is the magic of decentralized movements. When Roaring Kitty speaks, people listen. He’s not a hedge fund or a Wall Street analyst; he’s just a guy who believes in his thesis, and others follow him. 2024 has definitely been a memorable year for these communities.