Roaring Kitty Return Event Dynamics
Trader Roaring Kitty (Keith Gill) returned to Twitter after three years, posting several tweets. As a result, related US stocks and crypto meme coins saw significant increases. This topic will track the dynamic developments of this event and its ongoing impact on the market.
08:49 The class action lawsuit against Roaring Kitty has been dismissed
ChainCatcher news, according to Decrypt, last Friday Keith Gill (also known as Roaring Kitty) was hit with a class-action lawsuit, claiming that his extensive promotion on social media inflated the stock price of GameStop (GME) for his own benefit. The plaintiffs voluntarily withdrew the lawsuit on Monday.The case lingered on the court's docket for only one business day, and just hours after the court issued a subpoena to Gill, requiring him to respond to the complaint within 21 days, the lawsuit was withdrawn. The plaintiffs' attorney notified the court in two sentences that they would dismiss the lawsuit without prejudice.It is reported that since the case was dismissed without any impact, the plaintiffs may refile against Gill in the future.Previous news, GMP call option holder Martin Radev, through his law firm Pomerantz, filed a lawsuit against Roaring Kitty in the Eastern District of New York on June 28, accusing him of orchestrating a "pump and dump" scheme through a series of social media posts starting from May 13.
09:50 An investor has filed a securities fraud allegation against Roaring Kitty
ChainCatcher news, according to Cointelegraph, GMP call option holder Martin Radev filed a lawsuit against Roaring Kitty on June 28 in the Eastern District of New York through his law firm Pomerantz, accusing him of orchestrating a "pump and dump" scheme through a series of social media posts starting from May 13.Former federal prosecutor and founding partner of Dynamis LLP, Eric Rosen, stated that the lawsuit was "doomed to fail from the start." The claim that "Roaring Kitty should have disclosed his intention to sell options" does not hold up in court, as no "rational person, let alone a rational investor," would expect Roaring Kitty to hold all options until the expiration date.
20:48 Roaring Kitty has increased its holdings by 4 million shares of GME stock and may join the GME board
ChainCatcher news, the stock trader Keith Gill (nicknamed Roaring Kitty), known for participating in the GameStop (GME) short squeeze, has purchased more GME shares. Disclosure data shows he bought an additional 4 million shares of GME, bringing his total holdings to over 9 million shares. Yesterday, GME closed with a market value of approximately $262 million, and the community speculates that Roaring Kitty may join the GME board.
08:35 Data: Roaring Kitty's current total value of GEM stock and options holdings is approximately $586 million
ChainCatcher message, a screenshot on Reddit shows that well-known investor Roaring Kitty disclosed that the total value of his holdings in GEM stocks and options positions has reached approximately $586 million.
08:11 Roaring Kitty has scheduled a YouTube live stream for June 8
ChainCatcher message, Roaring Kitty's personal YouTube channel interface shows that a live broadcast is scheduled for June 8 at 00:00.As a result, GME stock and the similarly named MEME token experienced a significant short-term increase.
09:48 The U.S. SEC is reviewing certain trades of Gamestop call options
ChainCatcher news, according to Caixin, the U.S. Securities and Exchange Commission (SEC) is reviewing certain trades of Gamestop call options, and the SEC is examining the trades before and after Keith Gill's social media posts.Previous news, according to The Wall Street Journal, YouTube streamer "Roaring Kitty" (Keith Gill), who once helped drive up GameStop's stock price, may be delisted from the retail trading platform ETrade. Insiders say that investment giant Morgan Stanley's ETrade is "increasingly concerned that his recent purchases of GameStop (GME) stock may involve stock manipulation."
09:36 Data: Roaring Kitty's GME call options turned profitable, with earnings exceeding 50 million dollars
ChainCatcher news, at 4 AM today, Roaring Kitty once again posted a position screenshot in the Superstonk section of Reddit, showing that his GME call options have turned profitable, with a profit of 51.83 million dollars, while these call options were showing a loss of 2.46 million dollars yesterday.In addition, his GME stock position profit has increased from 9.23 million dollars yesterday to 33.62 million dollars, with a current total floating profit of 85.46 million dollars.
10:20 Roaring Kitty posted on Reddit again after three years, with the meme coin GME rising over 233% in 24 hours
ChainCatcher news, the Reddit platform shows that Roaring Kitty (Reddit ID: DeepFuckingValue) has posted on Reddit again after three years. The images displayed in the post show that he holds $65 million worth of Gamestop call options, with a strike price of $21 and an expiration date of June 21.According to Coingecko market data, the Meme coin GME on the Solana chain is currently priced at 0.01218 USDT, with a 24H increase of 233%.
22:34 Data Dialysis Roaring Kitty's "Influencer" Effect: 200 Related MEMEs in 3 Days, Over 90% Untraded
Roaring Kitty has once again become synonymous with the market's wealth code, and retail investors are starting to focus on Roaring Kitty's Twitter content in an attempt to discover new wealth codes.
18:18 Who caused meme coins and GameStop stocks to surge instantly?
In 2021, Roaring Kitty encouraged a large number of day traders to invest heavily in GameStop stock, triggering a "meme stock" frenzy.
