The Dark Knight Rises Once More After Roaring Kitty Shares Iconic Image
Controversial trader Keith Gill, also known as Roaring Kitty on social media, has once again sparked some fresh volatility in the crypto market with a recent social post. In the post, he shared the opening scene as shown in The Dark Knight movie, directed by Christopher Nolan, on his official X account Sunday evening. This action quickly led to a 14% surge in the value of the Solana-based meme coin within minutes, according to CoinMarketCap.
History repeats Itself
As a result of what Gill did, trading volume saw a significant increase of 38% to $225 million over the last 24 hours. Gill is no stranger to controversy, and his social media activity continues to impact both traditional and cryptocurrency markets. Last week, his Reverse Uno Card post resulted in a threefold increase in the value of GME. However, his highly anticipated YouTube livestream disappointed investors, causing the meme coin to plummet by a whopping 60%.
Traders Growing Wary
Despite his influence, the aforementioned decline suggests that traders may be growing wary of Gill and his influence regarding investment decisions, as evidenced by GameStop experiencing a relatively modest price movement compared to the previous week.
Furthermore, many kitty-themed cryptocurrencies, including Kitty AI, experienced declines in their value. These coins had previously surged in response to the Roaring Kitty frenzy. As of the latest data by Benzinga Pro, GME is trading at $0.0208. In after-hours trading, GameStop shares dropped by 3.82% to $28.22 following a 39.4% decrease in price during the regular session on Friday.
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