• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Roaring Kitty's Return Boosts GameStop Token (GME) Price

user avatar

by Giorgi Kostiuk

a year ago

The price of GameStop token (GME) surged following the return of the famous blogger Roaring Kitty, who posted an animated GIF on social media, leading to increased trading activity.

Roaring Kitty's Impact on GameStop Price

The Solana-based GameStop token (GME) saw its price rise to $0.00402, a 13% 24-hour gain, with its market capitalization reaching $27.57 million. This was accompanied by a 47% increase in trading activity, totaling $10.28 million.

Roaring Kitty's Historical Connection with GameStop

Roaring Kitty gained fame for his support of GameStop stock in January 2021, when he invested $53,000 and advocated for the company among his online followers, leading to a significant rise in its stock price.

Roaring Kitty reignited interest in GameStop upon his return to social media after three years, causing a 50% spike in stock prices.CITE_W_A

Legal Issues and Outcomes

In June 2024, a GME investor filed a lawsuit against Roaring Kitty, accusing him of manipulating the company’s stock for personal gain. However, the lawsuit was dropped after three days due to insufficient evidence.

Roaring Kitty’s return to social media once again created a significant impact on the GME token price, showing that his influence on stocks and cryptocurrency remains substantial.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Three Silicon Valley Engineers Arrested for Allegedly Stealing Trade Secrets from Google

chest

Three Silicon Valley engineers arrested for allegedly stealing trade secrets from Google.

user avatarEmily Carter

SEC Chair Paul Atkins Discusses Future of Crypto Regulation at ETH Denver

chest

SEC Chair Paul Atkins discusses the agency's plans for crypto regulation at ETH Denver, emphasizing the need for a clear regulatory framework despite congressional delays.

user avatarTomas Novak

Mignolet Warns of Structural Changes in Bitcoin Market Narratives

chest

Mignolet raises concerns about the impact of on-chain analytics on market narratives and investor expectations.

user avatarKaterina Papadopoulou

XRP Social Media Sentiment Surges to Five-Week High

chest

Data shows that the social media sentiment toward XRP has surged to a five-week high, while Bitcoin and Ethereum remain dull.

user avatarMaya Lundqvist

House Democrats Call for Investigation into World Liberty Financial

chest

A coalition of over 40 House Democrats is urging the Treasury Department to investigate World Liberty Financial due to potential conflicts of interest and national security risks.

user avatarLeo van der Veen

Analysts Maintain Positive Outlook on Nvidia Stock After Deal Restructuring

chest

Analysts maintain a positive outlook on Nvidia's stock despite the restructuring of the Nvidia OpenAI deal, with a high average price target and strong investor confidence.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.