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GameStop Mania: Roaring Kitty Reveals $115M GME Holdings, Will This Ignite Memecoin Rally This Week?

After more than three years in deafening silence on the Reddit social platform, popular meme stock trader Keith Gill, alias Roaring Kitty, has posted intriguing details of his portfolio. According to his Reddit post on Sunday, Gill holds up to 5 million GME stocks, which he bought at $21.27 per share and are now worth more than $115 million. 

The Roaring Kitty trader also holds 120,000 call options with a strike price of $20, which are set to expire on June 21, 2024. Notably, Gill purchased the GME call options at $5.68 per share and are now worth more than $65 million.

The popular meme stock trader was heavily involved in the 2021 altcoin bull market, despite the subsequent investigations by the United States Securities and Exchange Commission (SEC). As of this report, GameStop Corp. Cl A (NYSE: GME) shares traded around $22.91, up 22 percent in the past five days. 

Notable Impact on GameStop-inspired Meme Coins

The re-emergence of Gill after the 2022/2023 crypto bear market has rejuvenated the calls for an altseason. Already, GameStop-inspired meme coins on different blockchains have rallied more than 100 percent in the past week. 

For instance, GME (GME) on the Solana (SOL) network had gained more than 232 percent in the last 24 hours to trade around $0.0132. The meme coin had a trading volume double its market cap, thus signaling heightened on-chain demand.

Another GameStop-inspired project, GME (Ethereum) (GME), rallied more than 620 percent in the last 24 hours to trade around $0.000034. The GameStop-inspired meme coin on Coinbase’s Base network, GME (BASE) (GME), rallied over 175 percent in the past 24 hours to trade about $0.037 on Monday during the early London session.

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