This recent volatility in meme stocks is largely driven by speculation rather than any fundamental ties to GameStop or Gill.

Gill's latest post on December 5 featured an altered Time magazine cover, which sparked speculation among his followers and triggered a spike in trading activity.

His influence in the retail investment space was solidified during the 2021 GameStop short squeeze, which saw the stock rise dramatically and prompted congressional scrutiny.

Financial analyst Keith Gill, known as Roaring Kitty, returned to social media on December 6, 2024, after a three-month hiatus, leading to significant market movements for GameStop and AMC stocks.

GameStop's shares surged by as much as 14% during trading, prompting a volatility halt, while AMC also saw gains of up to 13%.

This surge in meme stocks and tokens echoes the historic short squeeze of GameStop in January 2021, which was a major financial event.

By the end of the trading session, however, GameStop and AMC's gains were reduced to 6% and 5%, respectively.

In the cryptocurrency space, the GameStop token experienced a remarkable 59% increase, rising from $0.005039 to $0.008041, with a trading volume of $44.4 million in just 24 hours.

Similarly, the AMC token rose by 51%, while the Roaring Kitty token increased by 27.14%, reflecting the ongoing influence of meme culture.

Despite the current excitement, analysts suggest that this rally may be short-lived, reminiscent of past surges that ultimately led to significant declines.

Gill's return has generated excitement among his followers, who view him as a challenger to Wall Street's powerful investors.

The altcoin market is also gaining momentum, with Bitcoin's dominance dropping significantly, indicating a shift towards alternative cryptocurrencies.