After a prolonged absence from Reddit, the meme stock trader known as Roaring Kitty, or Keith Gill, recently disclosed details of his significant GameStop (GME) holdings. Gill revealed that he owns 5 million GME stocks acquired at $21.27 per share, now valued at over $115 million. Additionally, he holds 120,000 call options bought at $5.68 per share with a strike price of $20, expiring in June 2024 and currently worth more than $65 million. Despite scrutiny from the SEC, Gill's involvement in the 2021 altcoin boom was notable. As of the latest data, GameStop Corp. Cl A (NYSE: GME) shares are trading around $22.91, marking a 22% increase in the last five days.

GameStop's Influence on Meme Coins

Roaring Kitty's return following the recent crypto downturn has reignited the enthusiasm for an altcoin season. Notably, GameStop-inspired meme coins across various blockchains have experienced significant surges, with some rallying over 100% in the past week. For example, GME on the Solana (SOL) network surged by over 232% to reach $0.0132, showcasing high on-chain demand evidenced by a trading volume surpassing its market cap. Another GameStop-inspired token, GME (Ethereum) (GME), surged by more than 620% to reach $0.000034 on Coinbase's Base network, while GME (BASE) (GME) saw a 175% surge to trade at $0.037 during the early London session on Monday.