Formerly leading the epic GameStop short squeeze event, Roaring Kitty has reemerged after three years of silence, posting continuously on X and Reddit recently, and even announcing a live stream on YouTube yesterday. While not revealing the content of the live stream, the price of GME surged in advance, with GME skyrocketing 47.5% yesterday, followed by a further increase of nearly 32% after hours, reaching $61.27.
6/8 Midnight Roaring Kitty to Start Live Stream
Will Roaring Kitty Become a Millionaire?
Keith Gill Continues to Stir Controversy
Roaring Kitty (real name Keith Gill) announced that he will conduct a live stream on YouTube at midnight on 6/8 Taiwan time, without disclosing the content. There are already nearly 12,000 people waiting in the live stream room, engaging in lively discussions in the chat.
According to screenshots posted by Keith Gill on Reddit (account DeepFuckingValue), which appear to be holdings, he holds 5 million shares of GameStop stock at a price of $21.27 per share; 120,000 call options with a strike price of $20, expiring on June 21, at a cost of approximately $5.68. The book value has exceeded $586 million, rising by 219% so far.
Estimates suggest that if GME rises above $65, Keith Gill will become a millionaire within just one month!
In 2021, Keith Gill posted several videos analyzing GameStop on YouTube, attracting a group of retail investors who bought GameStop stock and call options using the then newly popular brokerage Robinhood with zero trading fees. This caused significant losses for hedge funds heavily shorting GameStop. Netflix will also turn this epic event into a documentary called “GameStop: The Wall Street Legend.”
This meme stock frenzy has also sparked a series of congressional hearings, including Keith Gill’s testimony on broker practices and gamifying retail stock trading. He is facing several lawsuits, one of which accuses him of pretending to be a novice trader despite being a licensed professional.
According to The Wall Street Journal, Morgan Stanley’s global financial crimes department and external legal advisors have begun discussions on whether Gill’s stock account should be canceled.
However, BitMEX founder Arthur Hayes has jumped on the bandwagon, publicly inviting Roaring Kitty to join Token2049 in Singapore in September and participate in a fireside chat on stage.
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Keith Gill
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