An altcoin inspired by the Gamestop (GME) short-squeeze frenzy of 2021 has exploded over 2,000% after the movement\u2019s leader made an internet appearance for the first time in nearly three years.<\/p>\n
Keith Gill, who pseudonymously goes as \u201cRoaring Kitty\u201d on the social media platform X, posted<\/a> a gamer meme early on Monday, and has since posted several other videos.<\/p>\n The posts are Gill\u2019s first since mid-2021 when he led the movement to pump the price of GME, causing several large institutions that were short the stock to lose money.<\/p>\n Since the posts, GME has skyrocketed. At time of publishing, it is currently up over 85% in a single day.<\/p>\n The resurgence of GameStop appears to have spread to digital assets markets as well.<\/p>\n GME, a memecoin launched on Solana (SOL<\/a>) in January, has skyrocketed about 2,113% in the last 12 hours alone, currently trading just over a penny after starting the day below $0.00049.<\/p>\n Giacomo Pierantoni, head of data at hedge fund Vanda Research, told<\/a> Bloomberg that such spikes in retail trading have historically been \u201ccontrarian\u201d signals.<\/p>\n \u201cThese surges in retail activity have served as contrarian signals, prompting institutional investors to quickly short the stock following these rallies driven by retail investors.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Natalia Siiatovskaia\/WindAwake<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" An altcoin inspired by the Gamestop (GME) short-squeeze frenzy of 2021 has exploded over 2,000% after the movement\u2019s leader made an internet appearance for the first time in nearly three years. Keith Gill, who pseudonymously goes as \u201cRoaring Kitty\u201d on the social media platform X, posted a gamer meme early on Monday, and has since […]<\/p>\n","protected":false},"author":2,"featured_media":252554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-301260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=301260"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301260\/revisions"}],"predecessor-version":[{"id":301263,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301260\/revisions\/301263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/252554"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=301260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=301260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=301260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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