Roaring Kitty (Keith Gill) Set to Become Billionaire as GameStop Stock Surges
Roaring Kitty, Keith Gill, is set to livestream for the first time in over three years. The popular meme stock trader has united thousands of retail traders against billionaire fund managers. According to financial law experts, Gill continues to exploit a gap in the rules, thus the US SEC cannot prosecute him for fraud or market manipulation.
GameStop Stock Aims for New ATH
Famously known for his GameStop Corp. Cl A (NYSE: GME) huge position, Gill is set to become a billionaire through organized trading. According to the latest stock market data, GME shares closed Thursday trading around $46.55, up 47.45 percent from the day’s opening price.
The GME bullish sentiments continued in the after-hours trading session, whereby the meme stock had surged 31.62 percent to trade around $61.27 and a volume of about $30 million.
Roaring Kitty Set for Billionaire Status
Gill posted details of his GME holdings on Thursday through his Reddit account. The investor’s holdings are worth over $586 million, and before the end of Thursday, Gill’s GME portfolio gained more than $250 million.
With the continued GME pump, Gill is set to become a billionaire in unrealized profits. Notably, his shares will be worth about $325 million and his GME call options worth more than $699 million.
In a bid to protect his wealth, Gill has begun adding lengthy disclaimers on his YouTube posts. Furthermore, it is only a matter of time before a group of investors sues Gill for market manipulation similar to Elon Musk and Dogecoin.
Crypto Implications
Following the GameStock stock surge, GME meme coins on various chains registered palatable gains in the past 24 hours. For instance, the Solana-based GME meme coin surged over 100 percent in the last 24 hours to trade at around $0.025 on Friday during the early Asian session. Similarly, Ethereum and Base-based GME meme coins surged over 100 percent in the last 24 hours.
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