After an initial investment of $174 million, Roaring Kitty's GME position was worth $586 million when the market closed yesterday.
If GameStop rises to $65 later today, Keith Gill — better known as Roaring Kitty on Twitter, Youtube and DeepFuckingValue on Reddit — could see his GME position increase to $1 billion.
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Gill boasted $583 million in a Reddit post on Thursday, showing a $382 million profit from stock and options positions. GME shares jumped 47% to $46 yesterday and jumped to $61 in after-hours trading.
Reddit followers quickly did the math and figured GME would only need to increase by $9 on Friday to give Gill a billion-dollar exposure to the video game retailer's stock.
Polymarket bets on Gill hitting the 10-digit mark in his brokerage account quickly caught on among investors. Market “Is Roaring Kitty a billionaire on Friday?” has attracted $120,000 in bets since it went live late Thursday, with the “yes” rate increasing since early morning Asia time on Friday — reaching 33%.
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“If GME hits $70, the intrinsic value of his position will reach a billion. (5 million shares $70) + (12 million shares from options ($70 – $20 strike price)),” said user “etj103007” who bought 15,000 shares in favor.
“I believe in Roaring Kitty,” said another user, who held 1,000 “yes” shares.
Meanwhile, a fake GME token on the Solana blockchain has seen nearly $200 million in trading volume in the past 24 hours, largely due to Gill's social updates. Memes related to Roaring Kitty (KITTY) have increased by 220%, data from CoinGecko shows.
GameStop saw its shares open at $31.57 and then experience a crazy price surge after Roaring Kitty scheduled a livestream for 12 p.m. ET on Friday (around 11 p.m. same day Vietnam time).
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GME is trading at 46.55 USD | Source: Google Finance
Even though the livestream won't start for another 6 hours, the YouTube chat is already filled with bots, degens, memecoin fans, and opportunists trying to promote other memecoins.
On the r/Superstonk community, members celebrated Gill's “Ethical Billionaire” status.
Gill became famous for his role in the GameStop short squeeze in 2021, fueled by his bullish view on GME. Since then, GameStop has gone to the moon…
But this strong growth did not come without difficulties. There are reports that Gill is facing investigations from the US Securities and Exchange Commission and the Massachusetts securities regulator.
Earlier this week, an anonymous source told The Wall Street Journal that ETrade's financial crimes unit had begun considering shutting down Gill's trading account.
Source: https://tapchibitcoin.io/neu-gamestop-gme-dat-65-roaring-kitty-se-tro-thanh-ty-phu-vao-hom-nay.html