---
title: "ROAR spikes 300% following Roaring Kitty’s GameStop announcment"
url: https://diffcoin.com/roar-spikes-300-following-roaring-kittys-gamestop-announcment/
description: "The ROAR token surged by 307.4% this morning following Roaring Kitty's announcement of his significant GameStop stock holdings"
published: 2024-06-03
updated: 2024-06-03
author: "Mila"
site: "Diffcoin"
---

# ROAR spikes 300% following Roaring Kitty’s GameStop announcment

The ROAR meme coin’s value increased by more than 300% this morning, driven by social media influencer Roaring Kitty’s announcement of GameStop stock holdings.

![ROAR spikes 300% following Roaring Kitty's GameStop announcment - 1](https://crypto.news/app/uploads/2024/06/chart-13-1024x747.png)

24-hour price of ROAR from CoinGecko

The ROAR meme coin, associated with social media influencer Roaring Kitty, saw a surprising increase in value this morning, soaring by 307.4% to reach $0.001643, according to CoinGecko.

**Roaring Kitty and the bullish 5 million shares**

The surge comes from influential developments involving Roaring Kitty, also known as Keith Gill, who posted a screenshot on Reddit suggesting a massive holding of GameStop stock and options. Based on Friday’s closing price, Gill’s post revealed his ownership of 5 million GameStop shares, valued at approximately $116 million.

![r/Superstonk - GME YOLO update – June 2 2024](https://preview.redd.it/gme-yolo-update-june-2-2024-v0-7foscpsny84d1.png?width=640&crop=smart&auto=webp&s=86aa250b604947c300ab89576fedf32dde009e9e)

Screenshot of Roaring Kitty’s position in Game Stop

Gill’s disclosure had a quick and deep impact, driving GameStop’s stock up by over 100% at its peak on Monday before settling to an 88% increase in pre-market trading. At its height, GameStop shares reached $43.57, reflecting a renewed enthusiasm among meme stock investors.

The rally in GameStop shares and Gill’s strategic social media activity, notably including a cryptic post featuring the Uno reverse card, reignited interest in meme stocks. These stocks, typically defined by influential price volatility driven by online popularity rather than company performance, have become a focal point for individual investors.

GameStop itself has been volatile, selling 45 million shares for $933.4 million last month while warning investors of potential significant losses. Despite the recent surge, the company faces projected quarterly sales declines and continued net losses.

$GME currently sits at $30.47 per share, with over $118 million daily volume.

![ROAR spikes 300% following Roaring Kitty's GameStop announcment - 2](https://crypto.news/app/uploads/2024/06/GME_2024-06-03_13-04-34-1024x609.png)

Past 2 trading days of $GME from TradingView

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