Special topic: the game station once rose more than 110% and fused more than five times.
GameStop Corp. Soared as much as 53% on Monday amid widespread speculation about Keith Gill's return to social media. Gill driver nicknamed Roaring KittyUpcomingblockchaingames2021The frenzy of "meme-stock" in 2021.
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 account has been dormant for a long time, 2021Upcomingblockchaingames2021He shot to fame by calling on short-term traders to short GameStop on Reddit.
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.