The Mysterious Code from Roaring Kitty Again Boosts the Price of the GME Meme Coin

Bittime - Remember the GameStop (GME) meme coin phenomenon whose price skyrocketed last year? This crypto asset is back in the spotlight after controversial trader Keith Gill, or known as Roaring Kitty on social media, uploaded a new post that sparked wild speculation.

The excitement started with Roaring Kitty's upload on his X account on Sunday night. The post shows the opening scene from Christopher Nolan's film "The Dark Knight".

GME Coin Price Rises

Even though it looks simple, this post immediately had an impact on the price of the GME coin. According to CoinMarketCap, the price jumped 14% in just minutes. Not only that, GME trading volume in the last 24 hours also jumped 38% to IDR 3.6 billion (assuming $1 = IDR 16,000).

Why is Roaring Kitty's post getting attention? It turns out, this trader is known to often influence price movements, both in the traditional stock market and the crypto market. Last week, for example, his "Reverse Uno" card upload successfully tripled the price of GME.

However, Roaring Kitty's influence is not always positive. Last week, the price of GME actually fell 60% after the YouTube livestream session it held was considered disappointing. Investors who hoped to get clarity were actually confused by the session.

Market Response

This incident made market players start to be wary of Roaring Kitty signals. Moreover, prices of other cat-themed coins, such as Kitty AI (KITTY), are also weakening. In fact, these coins also saw their prices increase last week due to "Roaring Kitty fever."

When this article was written, the GME coin price was around IDR 0.33 (at $0.0208). Meanwhile, GameStop's share price actually fell 3.82% in the after-hours trading session, and closed 39.4% lower at IDR 451,552 (at $28.22) in regular trading on Friday.

Conclusion

It is still too early to confirm whether the mysterious Roaring Kitty code this time will soar the price of GME coins again. However, one thing is certain, the post succeeded in attracting attention and triggering high trading activity.

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