You’re Missing Out on the GME Meme Coin Craze!
GameStop stock has surged following Keith Gill’s disclosure of his massive holdings in the company. While his bets on GME have already gained momentum, crypto traders are now looking to cash in on the meme coin frenzy related to GameStop. Here’s why you should pay attention to this latest trend:
Keith Gill’s Mega Investment Revealed
– Keith Gill, also known as “The Roaring Kitty,” shared his GME positions on Reddit
– Disclosed a notional value of over $180 million in GME shares and call options
– First Reddit post since April 2021
– Revealed investment of $115.7 million in GME shares and $65.7 million in call options
– Wagering on GME shares reaching at least $20 by June 21
– Portfolio shows $9.3 million gain from shares but options reflect a loss nearing $2.5 million
Crypto Traders Enter the Meme Coin Space
– Gill’s disclosure triggered a rally in the meme coin sector
– Solana-based GME meme coin witnessed a 220% surge
– Market cap surpassed $85 million in 24 hours
– Speculation on further GME price surges
– Potential market capitalization of $2-3 billion
The Rise of Meme Investments
– Intensified sentiment around meme investments
– Reflects on 2021 GME short squeeze
– Diversifying bets to include meme coins like GME on Solana blockchain
– Other kitty-themed cryptocurrencies like Kitty AI see values double
Gill’s Influence Spreads
– Ripple effect of Gill’s actions
– Previous meme stock and meme coin rallies influenced by Gill
– GameStop and AMC shares surged over 70% in previous instances
– Gill’s cryptic communication style hints at market movements
– Recent green UNO reverse card post on X suggests mysterious market activity
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