# Will GME Boom Reach Memecoins?

*Author: David Christopher*
*Published: Jun 3, 2024*
*Source: https://www.bankless.com/meme-stocks-roaring-kitty*

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Keith Gill, known for his role in the GameStop short squeeze, has returned to social media, causing a surge in meme tokens and related stocks.

### What’s the scoop?
- **Gill's GME Positions:** For the first time in two years, Keith Gill, also known as "DeepFu*kingValue" on Reddit, posted his GME options positions on the r/superstonks subreddit. The positions show over $116M in shares and $63M in call options expiring [June 21 for GME above $20](https://decrypt.co/230566/who-is-roaring-kitty-keith-gill-deepfuckingvalue-back-on-twitter).
- **Surging Meme Tokens:** Due to Gill being known on Twitter and Youtube as Roaring Kitty, cat-themed meme tokens like [TOSHI, MOG, KEYCAT](https://www.coindesk.com/markets/2024/06/03/gamestop-stock-meme-tokens-surge-as-user-deepfukingvalue-returns-to-reddit/), and WEN surged up to 37%, while GME, a Solana meme stock, rose over 300%.
- **Stock Increases:** GameStop shares increased by over 80%, and AMC Entertainment Holdings Inc. (AMC) rose 36% in premarket trading.

### Bankless Take:
While crypto has always had a dynamic relationship with [social media sentiment](https://blockworks.co/news/crypto-prices-sentiment-news), Keith Gill's return continues to mark an interesting trend of expanding that relationship to traditional markets. While many might call this [stock manipulation](https://x.com/DegenerateNews/status/1797721565838356488), it seems more emblematic of a rampant, anti-establishment sentiment reaching finance. While crypto embodies the same ethos, until Gill discloses a deep conviction crypto position, price action may be largely contained to the meme stock arena, though memecoins are continuing to fight for a breakout.

> BREAKING: [@etrade](https://twitter.com/etrade?ref_src=twsrc%5Etfw) CONSIDERS KICKING [@TheRoaringKitty](https://twitter.com/TheRoaringKitty?ref_src=twsrc%5Etfw) OFF PLATFORM OVER CONCERNS ABOUT POSSIBLE [$GME](https://twitter.com/search?q=%24GME&src=ctag&ref_src=twsrc%5Etfw) ([@GameStop](https://twitter.com/GameStop?ref_src=twsrc%5Etfw)) STOCK MANIPULATION - PER [@WSJ](https://twitter.com/WSJ?ref_src=twsrc%5Etfw) [pic.twitter.com/IaP9EnlON5](https://t.co/IaP9EnlON5)— DEGEN NEWS 🗞️ (@DegenerateNews) [June 3, 2024](https://twitter.com/DegenerateNews/status/1797721565838356488?ref_src=twsrc%5Etfw)
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