- Nasdaq halted trading for GameStop (GME) stocks multiple times on June 7, 2024, due to extreme volatility
- The surge in GameStop shares is attributed to the return of Keith Gill (Roaring Kitty) on social media, reigniting interest among retail investors
- Roaring Kitty-themed meme coins GME, KITTY, and ROAR saw massive gains, surging by 115%, 235%, and 94% respectively
The Nasdaq has halted trading of GameStop (NYSE: GME) stock multiple times today due to extreme volatility. This surge comes alongside the return of Keith Gill, known as Roaring Kitty, to social media. Additionally, Roaring Kitty-themed meme coins like GME, KITTY, and ROAR have seen triple-digit gains.
GameStop Trading Halted Due to Volatility
GameStop trading was paused at 9:32:28 AM ET on June 7, 2024 according to the latest Nasdaq trading halts report. The halt was triggered due to the recent dramatic increase in GME’s stock price and trading volume.
On Monday, GameStop shares skyrocketed, prompting nine trading halts due to hitting the NYSE’s LULD volatility limits. The stock rose 47% on Thursday and another 30% at the start of trading today before losing those gains. The price is now near the opening level.
Roaring Kitty’s Return Sparks Meme Coin Frenzy
Alongside GameStop’s surge, meme coins themed around Keith “Roaring Kitty” Gill have exploded higher. According to CoinGecko, GME is up 115%, KITTY 235%, and ROAR 94% in the last day.
GME shares a ticker symbol with GameStop but has no official link. Similarly, ROAR and KITTY are themed around Gill’s persona without formal ties. The GME token has surged over 5,500% in four weeks to a $191 million market cap.
Roaring Kitty’s social media return has impacted both GameStop stock and related meme coins. This shows the ongoing influence of internet figures on traditional stocks and digital assets.
