LIVEI hope you've also watched the movie "Dumb Money." If not, you should check it out soon.
Kitty, the main character of the film, has returned to social media for the first time after a long break and is causing a stir on Twitter.
The essence of the film is about retail investors who, inspired by Kitty, took on the hedge funds of Wall Street by investing in GameStop shares.
Now, Kitty's comeback is translating into the world of cryptocurrencies, specifically the meme coin sector, which is shooting into the stratosphere. Look at how PEPE is growing, especially over the last few days. This meme coin has reached a new all-time high and doesn't seem to be stopping.
As a result, new people are entering the market, noise is increasing, and the situation with GameStop is now being cleverly manipulated to show retail investors the possibility of enrichment.
Sure, I'll keep that in mind! Watching "Dumb Money" could indeed help me better understand the context of everything you're discussing. Thanks for the recommendation! 👍
LIVE🖥Background: Financial analyst Keith Gill, a legendary figure who was featured in the film Dumb Money, gathered a community from the Reddit forum in January 2021, pumped GameStop (GME) shares, and "broke" Wall Street, leaving investment funds that had bet on GME's decline out in the cold.
🚀Today, three years later, Gill has returned to the media, posting a picture on Twitter (photo 1). Against the backdrop of the legend’s return, GameStop shares skyrocketed by 110%, and trading was halted five times due to high volatility. Hedge funds are again feeling blue, as short sellers of GME shares lost one billion dollars in just a few hours!
🔼This event also impacted the crypto world—meme coins associated with Roaring Kitty and GameStop, such as KITTY and GME, exploded by thousands of percent.
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