This week on Crypto Twitter: Roaring Kitty Shows His Face, Gets Rekt

The saga of Keith Gill, aka Roaring Kitty, returns in 2010. Last seen in 2021, the Mame Stock influencer finally showed his face on a live broadcast, weeks after a series of cryptic and market-altering social media posts that some had doubted. him.

He really was. The incident came with problems in the market—some of which were not in Gill's favor.

After reports that Gil may be in trouble with the regulators Business platforms To post a series of secret tweets and many non-secret posts on Reddit Fourfold The value of Gamestop (GME) – and similarly other meme stocks and related crypto tokens– The influencer is scheduled to go live on YouTube for Friday.

As soon as the broadcast begins, Twitter exploded and unveiled a week's worth of Crypto Twitter madness within hours. And the appearance – Gill's first in years – was characteristically unusual, partially bandaged and with an arm in a sling.

Twitter users, considering Gill's story, rejoiced as the mainstream financial press ignored—but breathlessly—covered the stream. Excessive influence Above Mem shares.

During the show, Gill stormed into the GME space, which caught the attention of marketers even before revealing that it was him. It was worth hundreds of millions of dollars, and it grew by leaps and bounds almost every day.

Many speculate that taking such a position could land the influencer in hot water given the market's proven power to move it.

That context struck a chord on Gill's live stream Friday. Indeed, the businessman began by asking his more than 700,000 viewers, “Do I have to be careful about what I say here?”

The fastest market move that day, however, was not caused by Gill or the regulators, but instead by the company's favorite stock: GameStop released its quarterly earnings report four days earlier—basically beating Roaring Kitty with a bang—and the numbers weren't good.

Over Friday, GME fell nearly 40%, wiping $235 million from Gill's position.

Some felt that GMI's cause would have been better served if Gill had not spoken at all.

But others were adamant that, in many crucial and subtle ways, Roaring Kitty's chaos revival was actually a quiet success.

Edited by Ryan Ozawa.