Keith Gill, the investor phenomenon identified for his involvement within the 2021 GameStop brief squeeze, is again within the highlight as a result of a suspicious posting of PumpFun tokens on an X account.
The account, which had been silent for about 16 months, turned lively once more and shared a Solana-based PumpFun token contract handle, however the submit was shortly deleted. Social media customers urged that the account might have been hacked.
GameStop shares skilled sharp volatility following the incident. Shares, which had risen by as a lot as 13% throughout the day, erased their positive factors and fell into destructive territory after the aforementioned social media submit. Allegations of fraud and “rug pull” circulating on social media brought on panic amongst GME shareholders.
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Keith Gill, identified by the usernames “Roaring Kitty” and “DeepF***ingValue,” is especially acknowledged for his posts on Reddit’s WallStreetBets group. Gill was a key determine within the historic brief squeeze on GameStop inventory in 2021, turning into a logo of the organized motion of particular person buyers towards hedge funds.
Roaring Kitty’s return to social media has traditionally triggered sharp market actions. Following her first submit in 2024, GameStop shares surged over 70% in a single day, and memecoin-like shares and associated crypto belongings skilled vital fluctuations.
*This isn’t funding recommendation.
