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Return of Roaring Kitty Sends Meme Stocks Into Chaos

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GameStop, AMC, and Trump Media surged on Monday as a tweet from r/wallstreetbets' most popular Redditor signaled a return to meme stock mania.

GameStop and other meme stocks surged wildly on Monday morning as Keith Gill returned to social media. The leader of the 2021 meme-stock mania, also known as Roaring Kitty and Deep Fucking Value, sent a single tweet on Sunday night that shook the universe of meme stocks, as their fearless leader signaled a second coming. The tweet from Gill, which depicted a man leaning forward with a video game controller, is the first post from Roaring Kitty’s Twitter account in nearly three years.

That’s generally considered high, but it’s far lower than the short seller interest that preceded the 2021 GameStop mania. Over on the subreddit where 2021’s mania originated, r/wallstreetbets, the channel took notice of Gill’s return. A repost of Roaring Kitty’s tweet received 25,000 upvotes. However, a moderator commented that r/wallstreetbets would remove most posts related to Gamestop in the subreddit, noting that the community has moved on to other meme stocks.

 

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