Roaring Kitty Sparks Market Again, Presenting Top 10 Related Memes

Original | Odaily Planet Daily
Author | Nan Zhi


Three weeks ago, Roaring Kitty, who led retail investors to beat Wall Street short sellers, reappeared in the public eye after three years, sparking a new round of frenzy in GME. However, apart from the first tweet after his return, which included a suggestive image, all the content posted by Roaring Kitty consisted of movie clips, and updates stopped a few days later, cooling down the market excitement once again.
(Reference:
The King Who Forced Wall Street Institutions to Their Knees Is Back, Will Roaring Kitty Ignite the Meme Market Again?
)
However, yesterday, Roaring Kitty once again posted a screenshot of his positions on Reddit after three years. The screenshot showed that Roaring Kitty held GME shares and GME call options, with the call options expiring on June 21, 2024. At the time of the screenshot, he had a floating loss of $2.46 million.


In addition, Roaring Kitty also posted a suggestive image on the X platform, which was a card from the UNO game, meaning “reverse”. Following this, the meme token associated with Roaring Kitty was launched, and the meme coin GME rose by 268% in a single day, with a market value exceeding $100 million once again.
GME stock also rose by over 100% in pre-market trading.


In the early hours of today, Roaring Kitty updated his position screenshot again, and overnight his profits increased by $78.6 million. The call options on GME changed from a loss to a profit, with a profit of $51.83 million, compared to a loss of $2.46 million yesterday. The profit from holding GME stock rose from $9.23 million yesterday to $33.62 million.
According to the Wall Street Journal,
Roaring Kitty may be removed from the retail stock trading platform ETrade. Insiders said that ETrade, owned by investment giant Morgan Stanley, is “increasingly concerned about his recent purchase of GameStop (GME) stock and possible stock manipulation.” In addition,
the U.S. SEC will review certain trades of Gamestop call options.
Summary of related investment concepts
Roaring Kitty’s consecutive release of position screenshots for two days may indicate that he will continue to release related content before the call options expire on June 21. As a representative of attention economy, memes with high popularity and continuity can become speculative topics, even if they are investigated or restricted by U.S. authorities, they can still become concepts for meme tokens. In this section, Odaily will summarize the relevant concepts related to Roaring Kitty, so that readers can understand that investing in a token is speculating on its concept. However, this article does not provide direct investment advice and will not provide contract addresses directly.
GME: The target that Roaring Kitty led retail investors to beat short sellers, and the most directly related concept. The highest market value of the token with the same name reached $100 million on Solana (see picture below). There are also high-profile tokens with the same name on Ethereum, with a market value of $16 million.


AMC (AMC Theatres): Another meme stock target after GME in 2021. AMC, like GME, was also “cut off” by Robinhood, and trading in AMC, along with NOK (Nokia), was suspended. This token mainly fermented on Solana, and the current market value of AMC is $7.5 million.


Kitty: The concept with the same name as Roaring Kitty. When he first reappeared three weeks ago, the highest market value reached $35 million, and the current market value is $7.25 million.


Superstonk: Roaring Kitty chose to post on this forum in the past two days. Superstonk is a sub-forum on Reddit specifically for discussing GME. The current market value is $2.3 million.


WSB (wallstreetbets): Roaring Kitty’s main posting platform in the past, where he publicly posted his position screenshots.


DFV: The abbreviation of Roaring Kitty’s Reddit account name, DeepFuckingValue.
Keith Gill: Roaring Kitty’s real name, for example, tokens with names like “kith gil”.
Ryan Cohen: CEO of GME, for example, tokens with names like “COHEN”.
Melvin: The institution that lost $3 billion in the GME short squeeze, Melvin Capital.
In addition to the above direct concepts, there is also a group of mixed concepts, such as “GayStop,” which combines recent popular LGBTQ+ themes with GameStop, which readers need to discern for themselves.