The price of an altcoin based on the Gamestop short-squeeze (GME) frenzy in 2021 exploded by over 2000%, after its leader appeared online for the first three years.
Keith Gill (also known as pseudonymously Keith Gill) is an American author and musician. “Roaring Kitty” On the social media platform X. posted On Monday, he posted a video of a gaming meme. Since then he has uploaded several other videos.
Gill has not held a post since the mid-2021, when he was the leader of the GME price pumping movement. This caused several large institutions who were shorting the stock to suffer losses.
GME’s popularity has skyrocketed since the postings. As of the time this article was published, GME had risen by over 85% within a day.
It appears that the resurgence in GameStop has spread into digital asset markets.
GME is a new memecoin that was launched by Solana.SOL( ) has soared by 2,113% over the past 12 hours, trading at just under a penny, after beginning the day with 0.0049 dollars.
Giacomo Pierantoni leads data analysis at Vanda Research. told Bloomberg has reported that similar spikes in retail trade have been historically observed. “contrarian” signals.
“These surges in retail activity have served as contrarian signals, prompting institutional investors to quickly short the stock following these rallies driven by retail investors.”
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check this out Price Action
Join us! X, Facebook You can also find out more about the following: Telegram
Search for a way to surf The Daily Hodl Mix
 
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Two-Crypto-Projects-Will-Likely-Outperform-the-Market-This-Coming.png)
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. You are responsible for all transfers and trading. own Risk is yours, as are any losses. The Daily Hodl neither advises on the purchase or sale of cryptocurrencies, digital assets or any other type of digital asset. Nor is The Daily Hodl a financial advisor. The Daily Hodl is an affiliate marketer.
Featured Image: Shutterstock/Natalia Siiatovskaia/WindAwake
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com