Cryptocurrencies and Stocks Associated With “Roaring Kitty” Rose Wednesday Following the Famed Trader's Apparent ‘Merry Christmas’ Wish

Keith Gill, better known online as Roaring Kitty, became active on the special day after he posted a picture of a neatly wrapped gift.

Roaring Kitty, a famed trader who rose to prominence during the meme stock frenzy of 2021, sparked another wave of excitement in the stock and crypto markets with an apparent Christmas wish.

On Wednesday, Gill, better known online as Roaring Kitty, posted a picture of a neatly wrapped gift with the message: “Merry Christmas.”

The message, posted on Twitter, was clear and concise, unlike some of his cryptic earlier social media posts.

What Happened: Gill's post quickly set off a chain reaction in the markets. Shares of GameStop Corp. (NYSE:GME), which became famous during Roaring Kitty's short squeeze in 2021, soared 7.68% in Robinhood's overnight trading, reaching $33.50.

At the same time, a meme coin named GmeStop (GME) surged by 5% to a market capitalization of $31.26 million, according to CoinMarketCap. The Ethereum (CRYPTO: ETH) based meme coin also saw a surge in trading volume of 43% in the last 24 hours.

Another coin, Kitty Inu (KITTY), surged by 17.96% in the last 24 hours.

It's important to note that these meme coins have no fundamental ties to either GameStop or Roaring Kitty. They capitalize on the speculation surrounding a short squeeze of the meme stock, hoping to recreate the events of 2021.

Roaring Kitty's social media posts have continued to significantly impact both the traditional and cryptocurrency markets in 2024, particularly following his return in May.

The trader has shared updates on his positions on Reddit and even conducted a livestream on his YouTube channel during market hours.

Shares of GameStop closed up 0.78% at $31.14 in Tuesday's regular trading session, according to Benzinga Pro data.