KITTY token surges 8,000% amid GameStop investor’s Roaring Kitty comeback
Stock trader Keith Gill, known online as “Roaring Kitty” and largely credited for fueling the GameStop craze in late 2020, is signaling his comeback after three years of silence.
In an X post on May 13, Gill published an image featuring a man transitioning from a casual to a competitive sitting posture, accompanied by the caption “Casual to Competitive.” This appears to be Gill’s first activity on social media in three years, during which he had been inactive since his previous engagement on Twitter, where he shared various GIFs and images.
Users on social media have already noticed the similarity between Gill’s post and the one previously shared by GameStop in February, although Gill’s version features a different color palette, with the chair depicted in red instead of blue.
The significance of Gill’s return remains unclear, particularly regarding his potential involvement in influencing investment strategies that allegedly led to the GameStop stock surge, propelling shares to rise from $3.25 in April 2020 to $347.50 in late January 2021.
While there are no indications of Keith Gill’s return to the trading scene, speculators in the crypto market have already begun capitalizing on the speculation surrounding his comeback. The prices of Roaring Kitty (KITTY), a Solana-based token, surged by more than 8,000% within a 24-hour period, according to data from DEXTools.
Additionally, Crypto.news has identified several other tokens named Roaring Kitty that have experienced significant gains exceeding 100% within the same timeframe. However, questions remain regarding the sustainability of these tokens and their transparency in terms of liquidity and security.
