The viral meme stock leader, Roaring Kitty, has returned with a massive disclosure of $115 worth of GME stocks in their holdings.

After being absent from Reddit for over three years, well-known investor in meme stocks Keith Gill, also known as Roaring Kitty, has resurfaced to provide updates on his investments. In a recent post, Gill disclosed that he currently owns 5 million shares of GameStop (GME), which he purchased at a price of $21.27 per share. These shares are currently valued at over $115 million.

Aside from his stock holdings, Gill also has 120,000 call options with a strike price of $20, expiring on June 21, 2024. These options were purchased at $5.68 per share and are currently worth over $65 million.

Evaluating the Market Impact

Gill’s market influence is well-known, especially during the 2021 altcoin bull market, despite facing investigations by the United States Securities and Exchange Commission (SEC). Currently, GameStop Corp. Cl A (NYSE: GME) shares are trading around $22.91, up 22 percent in the past five days.

New Expectations for Altcoin Season

The recent resurgence of Gill following the downward trend in the cryptocurrency market of 2022/2023 has generated renewed optimism for an increase in alternative coins. Memes inspired by GameStop and utilizing different blockchains have seen a significant surge of over 100 percent within the last week.

As an illustration, within the past 24 hours, GME (GME) on the Solana (SOL) network experienced a significant increase of more than 232 percent, reaching a trading price of approximately $0.0132. The coin’s trading volume was twice its market value, reflecting a robust demand through on-chain activity.

Meme Coin Craze Resurfaces!

A different project inspired by GameStop’s stock, GME (Ethereum) (GME), saw a 620 percent increase in the past day and is currently priced at approximately $0.000034. In a similar trend, GME (BASE) (GME), a meme coin on the Coinbase Base network, experienced a surge of over 175 percent during the early London session on Monday, trading at around $0.037.

Take a look at: This lesser-known cryptocurrency is severely undervalued. Why hasn’t it received much attention despite significant updates?

Gill’s comeback and the buzz in the market demonstrate his significant influence on the communities of meme stocks and cryptocurrencies. With traders and investors watching intently, there is a strong possibility for continued market movement.