KITTY Meme Coin Soars 6000% Following Reawakening of ‘Sleeping’ X-Account

On May 13, a trader achieved a 32-fold profit on the meme token KITTY following the reactivation of the X-account belonging to financial analyst Keith Gill (The Roaring Kitty), who in 2020 incited a retail trader ‘war’ against Wall Street. Analysts at Lookonchain noted this development.

The MEMEcoin $KITTY is up over 6000% due to the return of @TheRoaringKitty on Twitter.

A lucky guy spent 21.1 $SOL($3K) to buy 17.4M $$KITTY before @TheRoaringKitty tweeted.

After $KITTY surged, he sold 12.8M $KITTY for 294 $SOL($41K), with 4.6M $KITTY($56K) left.

The profit… pic.twitter.com/TemTMpWgW7

— Lookonchain (@lookonchain) May 13, 2024

The user spent 21.1 SOL ($3000) to purchase 17.4 million KITTY shortly before Gill tweeted about his return.

Soon after, the price of the meme token surged by over 6000%. The trader then sold 12.8 million KITTY for 294 SOL ($41,000), leaving a balance of 4.6 million KITTY ($56,000).

The profit amounted to $94,000.

Back in November 29, 2020, The Roaring Kitty discovered that the hedge fund Melvin Capital held short positions on GameStop (GME) shares. This led users to buy up the stock to prevent major players from sinking the company.

Subsequently, top executives of companies involved in the scandal testified at hearings before the U.S. House Financial Services Committee.

At the peak of GameStop’s rise, Keith Gill’s shares were valued at $48 million. His X-account had been dormant since 2021.

Earlier, ForkLog reported that the Minette token earned an insider $2.5 million in less than a day.