{"id":850485,"date":"2025-05-23T09:11:47","date_gmt":"2025-05-23T14:11:47","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/23\/gamestop-gme-stock-price-rises-10-following-roaring-kitty-social-media-activity\/"},"modified":"2025-05-23T09:11:47","modified_gmt":"2025-05-23T14:11:47","slug":"gamestop-gme-stock-price-rises-10-following-roaring-kitty-social-media-activity","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/23\/gamestop-gme-stock-price-rises-10-following-roaring-kitty-social-media-activity\/","title":{"rendered":"GameStop (GME) Stock: Price Rises 10% Following Roaring Kitty Social Media Activity"},"content":{"rendered":"<article id=\"post-119756\">\n<div>\n<h2><span id=\"TLDR\"><\/span>TLDR<span><\/span><\/h2>\n<ul>\n<li>GameStop (GME) stock rose 10.02% to $30.86 after Roaring Kitty cleared his X bio and unpinned tweets<\/li>\n<li>Keith Gill\u2019s social media activity continues to influence retail investor behavior despite no company-specific news<\/li>\n<li>GameStop plans to raise over $1 billion to purchase Bitcoin as a reserve asset strategy<\/li>\n<li>The stock has recorded over 50 moves with daily closes above 5% in the past year<\/li>\n<li>Memecoins are losing volatility as investors focus more on utility rather than hype<\/li>\n<\/ul>\n<hr>\n<p>GameStop stock closed 10.02% higher at $30.86 on May 22. The video game retailer added another 22 cents in after-hours trading.<\/p>\n<p>The rally came without any company-specific news announcements. Instead, investors focused on social media activity from Keith Gill, known as Roaring Kitty.<\/p>\n<p>Gill cleared his bio and unpinned his tweet on X (formerly Twitter). This simple action sparked buying interest among retail investors.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ladies and Gentlemen\u2026<a href=\"https:\/\/twitter.com\/TheRoaringKitty?ref_src=twsrc%5Etfw\">@TheRoaringKitty<\/a> has removed his bio and unpinned his tweet<a href=\"https:\/\/twitter.com\/search?q=%24GME&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GME<\/a> <a href=\"https:\/\/t.co\/wgMqKo5vU4\">pic.twitter.com\/wgMqKo5vU4<\/a><\/p>\n<p>\u2014 Nick (@PandaOptions) <a href=\"https:\/\/twitter.com\/PandaOptions\/status\/1925570835521446388?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p>\n<\/blockquote>\n<p>The move marks Roaring Kitty\u2019s return to social media after a period of silence. Gill became famous during the 2021 GameStop short squeeze campaign.<\/p>\n<p>During that campaign, retail investors targeted Wall Street firms betting against GameStop. Gill was at the center of this movement.<\/p>\n<p>Many retail investors now view any action from Keith Gill as a signal to buy the stock. His influence on GameStop\u2019s price remains strong three years later.<\/p>\n<h2><span id=\"Bitcoin_Strategy_in_Development\"><\/span>Bitcoin Strategy in Development<span><\/span><\/h2>\n<p>GameStop is working on a plan to add Bitcoin to its balance sheet. The company wants to raise over $1 billion to purchase the cryptocurrency.<\/p>\n<p>This strategy would make GameStop a reserve asset holder like other public companies. Several Wall Street firms have seen stock growth after adopting Bitcoin.<\/p>\n<p>The Bitcoin pivot could provide GameStop with another growth driver. It would diversify the company beyond its core retail gaming business.<\/p>\n<p>If implemented, this strategy may attract different types of investors. Bitcoin exposure could appeal to cryptocurrency enthusiasts and institutional buyers.<\/p>\n<h2><span id=\"Stock_Volatility_Continues\"><\/span>Stock Volatility Continues<span><\/span><\/h2>\n<p>GameStop remains one of the most volatile stocks in the market. Over the past year, the stock has recorded at least 50 moves with daily closes above 5%.<\/p>\n<p>This volatility pattern has continued since the 2021 short squeeze events. The stock regularly experiences double-digit percentage moves.<\/p>\n<p>The company\u2019s shares often move without clear fundamental reasons. Social media activity and retail investor sentiment drive much of the price action.<\/p>\n<p>GameStop\u2019s volatility makes it similar to cryptocurrency memecoins. Both asset classes experience rapid price swings based on online communities.<\/p>\n<p>However, memecoins are becoming less volatile as investors focus on utility. Asset managers have filed ETF applications to track some memecoins.<\/p>\n<p>The SEC recently delayed its decision on Grayscale\u2019s Dogecoin ETF application. This shows institutional interest in previously speculative assets.<\/p>\n<p>GameStop\u2019s planned Bitcoin strategy could add utility to its business model. This may provide more fundamental reasons for future price movements.<\/p>\n<p>The stock\u2019s connection to Roaring Kitty remains strong despite the time gap since 2021. Gill\u2019s social media presence continues to influence investor behavior.<\/p>\n<p>Keith Gill has not posted any new content explaining his recent bio changes. Investors are left to interpret his actions without direct communication.<\/p>\n<p>The gaming retailer\u2019s stock performance outpaced major market indices on May 22. The S&#038;P 500 and Nasdaq Composite both posted smaller gains.<\/p>\n<div>\n<p><a href=\"http:\/\/blockonomi.com\/out\/bcbot\" alt=\"BC.Game Casino\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/blockonomi.com\/wp-content\/uploads\/2024\/05\/bc-wide.gif\"><\/a><\/p>\n<\/div><\/div>\n<p><a href=\"https:\/\/blockonomi.com\/gamestop-gme-stock-price-rises-10-following-roaring-kitty-social-media-activity\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Maisie Morrison<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR GameStop (GME) stock rose 10.02% to $30.86 after Roaring Kitty cleared his X bio and unpinned tweets Keith Gill\u2019s social media activity continues to influence retail investor behavior despite no company-specific news GameStop plans to raise over $1 billion to purchase Bitcoin as a reserve asset strategy The stock has recorded over 50 moves<\/p>\n","protected":false},"author":1,"featured_media":850486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24534,112],"tags":[],"class_list":{"0":"post-850485","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gamestop","8":"category-stock"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=850485"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/850486"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=850485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=850485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=850485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}