Bittime - After a three year hiatus from the social platform Reddit, popular meme stock trader Keith Gill, otherwise known as Roaring Kitty, is back with interesting news.
In his Reddit post on Sunday, Gill revealed jaw-dropping details of his portfolio.
GME's popularity from Roaring Kitty
Gill admitted to owning up to 5 million shares of GME, which he bought at an average price of $21.27 per share. Today, the portfolio value has reached more than $115 million.
In addition to the 120,000 call options with a $20 strike price expiring on June 21, 2024, Roaring Kitty also owns a GME call option that he purchased for $5.68 per share. These call options are now worth more than $65 million.
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GameStop-Inspired Meme Coin Surge Marks Altseason Revival?
The sluggish crypto market in 2022/2023 is excited again with Gill's reappearance. GameStop-inspired meme coins on various blockchains are performing brilliantly, with gains of more than 100 percent in the past week.
This phenomenon has sparked speculation about the possibility of an altseason (altcoin season), namely a period in which altcoins (alternative crypto assets) experience significant increases compared to Bitcoin.
Also Read How to Buy Crypto:
GameStop Surges in 232%
One example is GameStop (GME) on the Solana (SOL) network, which surged more than 232 percent in the last 24 hours and is trading around $0.0132.
The trading volume of this meme coin is even double its market capitalization, indicating high on-chain demand.
GameStop Rises on 2 Networks
Another GameStop-inspired project, GME (Ethereum) (GME), has also seen a drastic rise, with a surge of more than 620 percent in the last 24 hours and trading around $0.000034.
On Coinbase's Base network, GME (BASE) (GME) performed brilliantly with a gain of more than 175 percent in the last 24 hours, reaching a price of $0.037 at the start of Monday's London session.
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Conclusion
The surge in meme coins caught the attention of investors and sparked debate about the future of altcoins. Is this a sign of the long-awaited altseason? Or is it just a temporary phenomenon that will soon subside? Only time can answer that.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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