Keith Gil’s Tweet Sparks Surge in GME and KITTY Tokens
After an unexpected post on Twitter by Keith Gill, also known as Roaring Kitty, the GME token, unrelated to the well-known company GameStop, jumped in price by 330%. Gill, who had been absent from social media for a long time, posted an image with a game controller, sparking rumors of his return to the game and unexpectedly impacting the cryptocurrency market.
Gill’s message also caused an increase in GameStop shares, which rose by more than 50%. Interestingly, this message happened on the X platform (formerly Twitter), which is banned in Russia.
Traders quickly took advantage of the situation. One of them spent 443 SOL (about $65,000) to buy 44.86 million GME tokens and then sold them for 2302 SOL, making a net profit of over $270,000 in just one transaction.
Another market participant was also able to earn significantly. He invested 21.1 SOL ($3,000) in the KITTY token and sold it after its price had risen by 6000%, making 294 SOL ($41,000) for 12.8 million KITTY. It is noteworthy that this trader completed the deal before Keith Gill’s publication, which may indicate insider information about his return.
Thus, Keith Gill’s return to social media had a significant impact on meme coin prices and the cryptocurrency market as a whole, attracting the attention of traders and investors.
