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BlockNews
Home CRYPTO

GameStop GME Pumps as Roaring Kitty Prepares for First Livestream in Years

by Sham
June 6, 2024
in CRYPTO, MEDIA
Reading Time: 3 mins read
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• GameStop (GME) stock is rising again amid speculation that influencer Roaring Kitty is returning to livestreams
• Roaring Kitty’s long-dormant YouTube channel was updated with a new and apparently hidden video, suggesting he might be teeing up a return to the platform
• Roaring Kitty’s actions have fueled trading speculation around GameStop in the past

Shares in GameStop (GME) are climbing again Thursday amid speculation that influencer Roaring Kitty is returning to livestreams. GME shares have climbed 9% on the day, gradually rising to around $34.25. GameStop finished Wednesday at $31.57 and now has pushed its five-day gain to 49% as of this writing.

JUST IN: Roaring Kitty (@TheRoaringKitty) is doing a live stream tomorrow at 9 AM PST pic.twitter.com/OdrGu2rpxO

— BlockNews.com (@blocknewsdotcom) June 6, 2024

Roaring Kitty’s Return Fuels Speculation

Shares began climbing again this week after Roaring Kitty—whose posts and livestreams helped prompt the meme stock trading craze and GameStop short squeeze back in 2021—tweeted after two weeks of inactivity. A larger price jump came in May after the influencer’s brief return to Twitter.

With Roaring Kitty back on Reddit now as well, where he’s disclosing his sizable holdings of GameStop shares and options, will he complete the comeback on YouTube? Traders are expecting just that following apparent activity on Roaring Kitty’s long-dormant account on Thursday. His old playlist of livestreams was updated with a new and apparently still hidden video, suggesting that Gill might be teeing up a return to the platform.

For now it’s just a guess—but speculation over Roaring Kitty’s actions has fueled trading speculation around GameStop in the past. On the other hand, it could prove to be nothing, an administrative move that industry observers extrapolated into something more.

Who is Roaring Kitty?

Financial analyst turned stock and meme influencer Roaring Kitty has roared back onto social media. His apparent return to Twitter in May didn’t even directly mention GameStop—the stock whose rollercoaster ride sparked global headlines and a documentary film—but nonetheless prompted the price of GME to double briefly and preceded a 1,900% surge in a Solana-based tribute coin also named GME. What’s the connection between Roaring Kitty—whose real name is Keith Gill—the failed video game retailer?

Conclusion

The return of Roaring Kitty to social media has sparked renewed interest and speculation around GameStop and its stock price. While concrete plans for a YouTube comeback are still uncertain, the influencer’s actions continue to correlate with trading activity. His story and connection to the meme stock saga are still unfolding.

Tags: GameStopGMEKeith Gillmeme stockRoaring Kitty
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