Share this article
GameStop Tumbles 40% as Trading Icon Roaring Kitty Returns to Livestream
Solana-based meme token GME is down 50% from earlier Friday, but remains sharply higher for the week
Updated Jun 7, 2024, 5:19 p.m. Published Jun 7, 2024, 5:15 p.m.
In this article
Retail trading legend Keith Gill, otherwise known as Roaring Kitty or DeepF*ckingValue aliases on social media, returned to his livesteam for the first time in several years on Friday.
Prior to the livestream, GameStop (GME) shares tumbled 25% in the morning hours of the Friday session after the company rushed out a first quarter earnings report and a 75 million share offering in wake of the large run higher in the stock this week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Shares continued lower during Gill's appearance as he attempted to lay out his long-term bull case on GameStop. They're currently lower by 40% for the day.
Solana-based meme token GME, which was inspired by the company but has no affiliation with it, almost doubled in price in less than a day before sharply paring gains on Friday. At press time it was down 50% over the preceding few hours, though still higher by more than three-fold this week.
Gill returned to social media last month after three years of silence, unleashing a speculative frenzy for GameStop that spilled over to the memecoin market with multiple opportunistic tokens launching on the Solana blockchain.
Thursday, Gill revealed in a Reddit post that his stock and options position was worth $586 million at the time.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Trump's Voice Would Have 'No Weight' in Rate Decisions, Fed Front-Runner Hassett Says
Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
What to know:
- Kevin Hassett, a leading candidate for Fed chair, stated that President Trump's opinions would not influence interest rate decisions if he were appointed.
- Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
- As of now, Hassett has a 52% chance of being nominated as Fed chair, according to Polymarket odds, surpassing Kevin Warsh's 40%.
Top Stories
