Why Did GameStop (GME) Surge Nearly 20% Overnight?

Keith Gill, a trader linked to the 2021 GME short squeeze, made a comeback on Reddit claiming he placed a significant bet on GameStop, causing the stock price to skyrocket overnight.

Azcnews Breaking Why Did Gamestop (gme) Surge Nearly 20% Overnight

GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted on Reddit that he holds GME shares worth $181.4 million and call options.

Gill, a trader widely credited with influencing GME short-selling activity in 2021, posted on his “DeepFuckingValue” Reddit account on June 2nd for the first time since April 2021.

He shared a screenshot purportedly showing his purchase of 5 million GME shares for $115.7 million and placing $65.7 million in call options, betting that GME would be priced at least $20 per share by June 21st.

2dd5a8e8 5bdc 4d7f babf b4037bf50f0bGill’s June 2 Reddit post under his DeepFuckingValue account. Source: Reddit

Gill’s screenshot clearly indicates he made over $9.3 million from holding GME and is currently facing losses of nearly $2.5 million from his call options.

Robinhood’s overnight market saw GME surge 19.19% in 20 minutes to $27.58 following Gill’s Reddit post.

GameStop closed at $23.14 on Friday, May 31st, with shares up 38.8% this year, according to Google Finance – seemingly propelled by Gill’s return.

87ba65d8 58ac 4c8e ac2a d92867aee8dbGME’s price year-to-date saw a spike in mid-May after Gill suddenly started posting on X. Source: Google Finance

Gill also posted a cryptic green UNO reverse card for “X” — adding to a series of intricate posts and memes he has shared since his sudden resurgence in May.

(1 vote)

5.0/5

(1 vote)
  1. Avatar of
    Anonymous

    How can we do it

Comments are closed.

Latest

Bunni Dex Shuts Down After $8.4 Million Hack

News | Altcoin | Editor Choice

Bunni DEX Shuts Down After $8.4 Million Hack

After suffering a devastating $8.4 million hack, decentralized exchange protocol Bunni DEX has officially announced its shutdown. This marks the second crypto project to fold in October, following Kadena Organization’s recent decision to halt operations amid mounting difficulties. The $8.4 Million Exploit: How It Happened The attack occurred on September 2, when a hacker exploited

The Crypto Etf Wave Hits, Over 200 Funds Set To Launch Soon

News | Editor Choice | Policy & Regulations

The Crypto ETF Wave Hits, Over 200 Funds Set to Launch Soon

Crypto ETF Explosion: The market is on the verge of a massive wave of investment products, with 155 ETF filings currently awaiting approval — spanning 35 digital assets from Bitcoin and Ethereum to even political meme coins.

Binance Spot Bitcoin Trading Volume Surges

News | Bitcoin | Editor Choice

Binance Spot Bitcoin Trading Volume Surges, Signaling Possible Market Recovery

Binance’s Spot Bitcoin trading volume has unexpectedly surged amid whale sell-offs and widespread liquidations, signaling renewed accumulation and a potential recovery in Bitcoin’s price in the near future.

World’s Richest Youtuber Mrbeast Registers His Own Finance And Crypto Brand

News | Editor Choice | Policy & Regulations

World’s Richest YouTuber MrBeast Registers His Own Finance and Crypto Brand

The world’s richest YouTuber, MrBeast, has made a bold move into the world of finance and cryptocurrency with his new brand “MrBeast Financial”, signaling his ambition to build a global fintech empire.

Deepseek Surpasses Grok And Openai In Crypto Trading Showdown

News | AI | Editor Choice

DeepSeek Surpasses Grok and OpenAI in Crypto Trading Showdown

DeepSeek is making waves across the crypto and tech communities as it takes the lead in Alpha Arena — a live crypto trading competition among the world’s top artificial intelligence models, outperforming both Elon Musk’s Grok and OpenAI’s GPT-5.

Screenshot 2025 10 20 091338