pennslammer3hs| GameStop skyrocketing market speculation about Roaring Kitty's return

Intro: Special topic: the game station once rose more than 110% and fused more than five times.As Keith Gill returns to social media, specula...

Special topic: the game station once rose more than 110% and fused more than five times.

As Keith Gill returns to social media, speculation is rife.Pennslammer3hs, GameStop Corp. Soared as much as 53% on Monday. Gill, nicknamed Roaring Kitty, drove the "meme-stock" craze in 2021.

pennslammer3hs| GameStop skyrocketing market speculation about Roaring Kitty's return

The account's post on social media platform X showed a man leaning forward with what looked like a game controller. Some traders think this means that Gill is about to move again. Gill, whose account has been dormant for a long time, shot to fame by calling on short-term traders to short GameStop on Reddit in 2021.

The post has received more than 9 million hits within hours of posting.

The reaction to Gill posts is reminiscent of the market frenzy of 2021, when discussions on Reddit's WallStreetBets forum and events on StockTwits sparked a buying spree among retail investors.

Before Monday's rally, GameStop had risen for three consecutive weeks, the longest consecutive rise this year, with a cumulative increase of 68 per cent.

GameStop soared by more than 2000% at the beginning of 2021, bringing the meme craze into public view. After peaking at the end of January 2021, the stock plummeted about 88 per cent in three weeks.

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