Original author: Joyce

This morning, a tweet went viral in both U.S. stock trading and the encryption community, with more than 6 million views in five hours. The tweet comes from former U.S. stock trader Roaring Kitty, and it's his first tweet in three years.

While no one could tell what the tweet meant, it didn't stop the entire trading community from getting excited about the name Roaring Kitty, with longest tweeting "Roaring Kitty is back." Why does a tweet have such an impact? Who is Roaring Kitty again?

From a certain point of view, it can be said that Roaring Kitty gave birth to the meme zone of the encryption community, and DOGEE, the originator of meme, was born from the myth of "retail investors vs. Wall Street" led by Roaring Kitty.

Keith Gill, known as "Roaring Kitty," is a former financial analyst, Roaring Kitty is his YouTube and Twitter username, and he's also a loyal Reddit user.

In September 2019, Gill bought GME, a stock of GameStop, a long-established U.S. gaming retailer that had been losing money for long years, and showed a screenshot of his trade — about $53, 000 in long positions — on the Reddit r/wallstreetbets subreddit.

In addition to text output, he also posts videos on Youtube and starts live broadcasts to talk about the fundamentals and potential shorts of GME. For a long time, Xu long retail traders were influenced by him to buy GME, and then go to the comments section of his Youtube channel to warm up and hold on to their confidence.

Roaring Kitty on the Youtube channel

In 2020, GME did show big pump, with Gill assets rise several times over. In January 2021, Melvin Capital Hedging Fund and Citron Research, a well-known short selling institution, announced on Twitter that they were optimistic about short GME, believing that its price should be at the 50% Slump of the Closing Price.rise

The news sparked outrage among many retail investors. That month, Wall Street Bets, a Reddit social forum group, launched a massive short squeeze campaign on major social media, pushing GME's stock price from $17 at the beginning of the month to a high of $347, a pump of nearly 19 times. In this process, Roaring Kitty has played a big role. He said on Reddit that he would not sell even 1 cent of GME, and ran a seven-hour live stream of the GME stock price on Youtube.

It is worth mentioning that GME once big dumped by nearly two-thirds due to the suspension of trading by the brokerage, and Roaring Kitty's earnings retraced more than $15 million, but he still held firmly and continued to post news in the community, and finally waited for GME to pump again.

The $53, 000 GME that Roaring Kitty bought in 2019 turned into $30 million long a year long, peaking at $48 million. Roaring Kitty rose to fame, Netflix used the event to produce the documentary "Eat the Rich: The GameStop Legend," and the movie "Dumb Money," which was released last year, is also based on Roaring Kitty, telling the story of his journey from the first purchase of GameStop stock to the peak of the stock and the collapse of the Hedging Fund.

Since a large number of retail investors were trading on Robinhood at the time, and Robinhood had suspended GME trading in this "long short War", the fierce emotions of investors on Robinhood spilled over to other targets, and the DOGE that didn't make any real sense was among them. Shortly after the GME incident, Elon Musk began posting mass tweets spreading Doge Meme, and DOGEE peaked three months later with a market capitalization of $90 billion. The MEME Bull Market of the encryption community has been since then.

Looking back, although Roaring Kitty did not buy Crypto Assets, the culture of resistance he led and Robinhood's role as a "low-barrier transaction" throughout the incident echoed the culture of the encryption community.

Chamath Palihapitiya, a venture capitalist who made a name for himself on Wall Street for buying a lot of Bitcoin for $80, commented on Roaing Kitty's "record" at the time and said that retail investors have a level not inferior to Wall Street professionals, and they used to be Be Played for Suckers by institutions only because they did not have enough money to use more long financial instruments. Now the retail investors are united to blast the hammer mechanism, indicating that the era of retail investors has arrived.

As the battle against Wall Street gradually ended, the price of GME gradually falls, Roaring Kitty also disappeared from the Internet, his Youtube channel and Twitter are no longer updated, the most recent one is in 2021.

After three years, Roaring Kitty tweeted again, and this "light for retail investors" and a legend with his own crypto culture naturally aroused the excitement of the community. Prior to this, GME had already experienced a week of pump, with the help of Roaring Kitty, GME pump up to 80% of its weekly , and the last time such pump was harvested was in 2022.

The impact of Roaring Kitty on the GME stock price is not particularly significant, and his comment area is full of advocating comments on various meme coins, the luckiest of which belongs to the eponymous meme KITTY, which was born on March 31, falls by more than 90% on the second day of its launch, embarking on the road to zero, but unexpectedly big pump because of the return of Roaring Kitty.

A month after zeroing, KITTY has pumped more than 100 times in the past 7 hours. Some traders have also been lucky, with a trader who spent about $3,000 on 17.4 million KITTY yesterday before Roaring Kitty's tweet and is now making more than $100,000 in profit from this tweet.

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