It’s
2021
all
over
again
as
shares
of
video
retailer
GameStop
(GME)
soared
Thursday
after
influential
retail
trader
Keith
Gill,
better
known
under
his
RoaringKitty
or
DeepF–kingValue
aliases,
provided
an
update
on
his
massive
bet
on
the
embattled
stock.
According
to
a
screenshot
posted
on
Reddit,
Gill’s
stock
and
options
position
is
now
worth
some
$586
million
combined.
He
announced
a
YouTube
livestream
for
Friday.
GameStop
shares
closed
Thursday’s
session
47%
higher.
The
action
rippled
through
the
digital
asset
market,
too.
Solana-based
meme
token
GME,
which
was
inspired
by
GameStop
but
has
no
affiliation
with
the
company,
surged
more
than
80%
over
the
past
24
hours,
CoinGecko
data
shows,
despite
the
broader
crypto
market
pulling
back.
The
micro-cap
AMC
token,
which
shares
the
name
of
the
troubled
movie
theater
chain
but
similarly
has
no
affiliation,
also
jumped
83%.
Gill,
who
rose
to
fame
during
the
GameStop
short
squeeze
in
the
pandemic
years,
sparked
a
frenzy
for
memecoins
last
month
when
he
returned
to
social
media
after
three
years
of
silence.
Since
then,
the
GME
token
is
up
over
3,000%
since
mid-May
and
surpassed
a
$120
million
market
capitalization.
UPDATE:
(June
7,
01:16
UTC):
Fixes
typo
in
subheadline.
