The GameStop saga continues as the value of Keith Gill’s investments nears a billion dollars.
Bets on Polymarket speculate on Roaring Kitty becoming a billionaire by tomorrow morning, with wagers exceeding $120,000 and odds rising to 50%.
Parody memecoins on Solana, GME, and KITTY are also soaring as the GameStop frenzy reignites.
The finance and crypto ecosystems are buzzing around Keith Gill, better known as Roaring Kitty on X and DeepF*ckingValue on Reddit.
An avid observer and passionate trader, Gill has been in the spotlight since the prediction platform Polymarket launched a market based on the probability of him becoming a billionaire through his investments in GameStop (GME) by Friday evening in the United States (overnight in France).
GameStop’s Meteoric Rise
Yesterday, GameStop experienced a remarkable surge of nearly 50%, reaching $46 during the day and then climbing to $61 after the market closed. This spike followed a Reddit post in which Gill revealed a $583 million position, including $382 million in profits through options and stocks.
According to calculations by his followers on Reddit, a mere $9 increase in the GME stock price on Friday would push the total value of his investments beyond a billion dollars.
Paris and Speculation on Polymarket
Bets on Gill becoming a billionaire have quickly gained popularity on Polymarket. Since its opening on Thursday evening, the market titled ‘Roaring Kitty Billionaire by Friday?’ has attracted over $120,000 in wagers. Odds for a ‘yes’ have risen to 50% early Friday morning in Asia.
One user, who bet 15,000 shares in favor of the ‘yes’ option, explains that if the GME stock reaches $70, the intrinsic value of Gill’s position would reach a billion dollars.
Broader Implications and Market Activity
Meanwhile, the frenzy around Gill has sparked a wave of activity on other platforms. A parody token called GME on the Solana blockchain has recorded nearly $200 million in trading volumes in the past 24 hours, primarily driven by Gill’s social media updates. Additionally, a meme token named Roaring Kitty (KITTY) has seen its value soar by 220%.
The Polymarket market will resolve to a ‘yes’ if @TheRoaringKitty announces that he has become a billionaire or shows a position of at least one billion dollars before 6:00 a.m. tomorrow morning. The source for resolution of this market will be based on information provided by Gill or his recognized social accounts.
