GameStop’s price surged over 199% in the last 24 hours after Keith Gill, known as “Roaring Kitty,” revealed on Reddit that he holds $181.4 million in GME stock and call options. This announcement marked his return to Reddit after a 3-year hiatus.
Gill’s investments have earned him over $9.3 million, despite an unrealized loss of nearly $2.5 million on call options.
Following his post, GME stock on Robinhood‘s overnight markets jumped over 19% in 20 minutes, reaching $27.58. GameStop became the best-performing meme coin, with Hoppy (HOPPY) in second place, increasing 29%.
GameStop‘s price is up over 225% in the last 7 days, though the overall meme coin market saw a slight drop.
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