- Whales accumulated large amounts of GME and KITTY after Roaring Kitty’s announcements.
- Activity on the Solana network surged while revenue generated declined.
The attention around GameStop stock jumped sharply on Thursday after Keith Gill, a popular online investor known as RoaringKitty shared an update on his significant investment in the company.
GameStop won’t stop
Gill revealed on Reddit that his holdings in GameStop stock and options weren valued at a combined total of $586 million. He also announced a livestream on YouTube scheduled for 7th June.
This update sent GameStop shares soaring by 47% by the end of the trading day on 6th June.
Interestingly, the surge in GameStop stock wasn’t contained to just the traditional stock market. The excitement rippled through the digital asset market as well.
Solana-based meme token GME, inspired by GameStop but with no official connection to the company, surged more than 80% over…
