Roaring Kitty's X Post Sends CHEWY Token Soaring

Keith Gill, well known by his alias "Roaring Kitty," the mysterious figure that sparked the GameStop short squeeze, has made an anonymous return

Keith Gill, also known as "Roaring Kitty," the enigmatic figure behind the GameStop short squeeze, has made an anonymous return, sparking a 28% price increase in a dog-themed memecoin.

According to Cointelegraph, Gill made a grand re-entry into social media after a two-month absence with a cryptic X post featuring the Solana-based memecoin Chewy (CHWY). Here's the image Gill shared in an X post on September 6.

Solana-Based CHEWY Memecoin Surges 28%

Chewy's price against Solana surged over 28%, trading above $0.011 after the cryptic message, CoinMarketCap data shows.

Memecoins like Chewy, unlike real currencies, have price movements fueled solely by public sentiment. Those trading memecoin without technical or fundamental analysis may take even indirect X postings from Gill as a strong endorsement.

Many meme tokens featuring Chewy mushroomed after Gill revealed in July that she owns 6.6% of the online pet food and accessories company Chewy.

Cryptic Post Suggests Gill May Be Chewing on Chewy Exit

Despite the Chewy token rallying around 30%, Gill's cryptic post seems to be hinting at her exiting the Chewy company, not promoting it.

Gill shares an image from the movie Toy Story in the scene where Andy accidentally drops Woody, his beloved toy. The Chewy token logo has taken Woody's place in Gill's latest X post.

With this, Gill might be dropping hints about her upcoming Chewy departure. On June 27, he last posted a Chewy-related image to X.

Memecoin Investors Track Gill's Activity

GME stock soared over 1,000% in a month after the first GameStop short squeeze in 2021. Memecoin investors are keeping a close watch on Gill's social media for this and other reasons.

Gill's X post may also be hinting at a possible re-entry into GameStop.

An unidentified buyer purchased $2 million in GameStop (GME) shares shortly after Gill's X post went live, market observer Unusual Whales noted in their findings, which were published on September 6.