News

GameStop Soars 300% After Roaring Kitty Secures Major GME Call Options

"Roaring Kitty" returned to social media, revealing that he is holding $181.4 million in GameStop stock and call options, causing the GME stock price to surge 19% overnight.
Published by
GameStop Soars 300% After Roaring Kitty Secures Major GME Call Options

Highlights

  • The Daily trading volume for GameStop skyrocketed by 1,000%, surpassing $178 million.
  • "Roaring Kitty," returned to social media and revealed he is holding $181.4 million worth of GME stock and call options.
  • GameStop and meme coins continue to offer the prospect of substantial gains for investors.

The GameStop ($GME) meme coin, born during the 2021 short squeeze frenzy, has experienced a remarkable 300% surge in the past 24 hours. Currently, the GME cryptocurrency is trading at $0.01366, with its market cap nearing $100 million. Additionally, daily trading volume has soared by an astounding 1,000%, surpassing $178 million.

The Return of the Roaring Kitty in GameStop

Keith Gill, known online as “Roaring Kitty,” made his first social media appearance on Sunday evening since the market frenzy last month.

GameStop (NYSE: GME) stock price saw a significant rise of over 19% in overnight trading after Gill posted on Reddit, revealing he is holding $181.4 million worth of GME stock and call options.

Gill shared a screenshot purportedly showing his purchase of 5 million GME shares for $115.7 million and an investment of $65.7 million in call options, betting that GME would reach at least $20 a share by June 21. The screenshot also indicated that Gill has gained over $9.3 million on his GME holdings while sustaining a nearly $2.5 million loss on his call options.

Following Gill’s Reddit post, GME surged by 19.19% in 20 minutes on Robinhood’s overnight markets, reaching $27.58. GameStop closed at $23.14 on Friday, May 31, and has seen a 38.8% increase in shares this year, seemingly buoyed by Gill’s return, according to Google Finance.

Will This Trigger Meme Coin Rally Again?

Despite the border market consolidation, the meme coin sector delivered a strong performance during the months of April and May. While top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been consolidating, other market players like Pepe Coin (PEPE) and Dogwifhat (WIF) have delivered multi-fold returns in the past few weeks.

GameStop (GME) and meme coins continue to fuel a narrative of defying traditional wealth creation principles, offering the tantalizing prospect of turning ordinary investors into instant millionaires. GME and similar stocks are showing significant potential this quarter.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today

Traders are bracing for another crypto options expiry and US CPI inflation release today, with…

October 24, 2025
  • News

Why is Crypto Market Up Today (Oct 24)

The crypto market is glowing green as bullish sentiment returns. This comes amid positive developments…

October 24, 2025
  • News

Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details

21Shares updates its Sui ETF application with the U.S. Securities and Exchange Commission (SEC). The…

October 24, 2025
  • News

Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations

Democrat Elizabeth Warren has made sharp attacks with "fraud" and money laundering allegations, following US…

October 24, 2025
  • News

Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada

The crypto market is bracing for volatility after the U.S. President announced the termination of…

October 24, 2025
  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025