GameStop Bull Roaring Kitty drives another game stock with Dave Chappelle Post

Shares of Unity Software have been on the rise since viral meme stock trader Keith Gill on Thursday. Roaring Kittycryptically posted a GIF that many traders believe refers to the video game technology company.

The GIF is of comedian Dave Chappelle impersonating musician Rick James in a 2004 episode of Chappelle’s Show. episode “Love Affair and True Hollywood Stories: Rick James,” sheds light on Hollywood tales featuring James, one of which includes a reference to his 1983 song “Unity.”

Traders connected the dots — whether they were actually designed by Gill or not — and shares of Unity Software, the company behind the popular Unity software engine that powers countless games, gained more than 8% in premarket trading.

Gains were extended after markets opened, and Unity, which trades on the NYSE under the ticker U, is now trading at $24.38, up nearly 9%.

And it’s not just traditional markets, Roaring Kitty’s most recent post on X (formerly known as Twitter) has now amassed over 2.5 million views. The post also seems to have influenced the meme coin market, sending out a Unity-inspired meme coin. Solana blockchain more than 200% in the last 24 hours.

Gill’s influence on financial markets is not new. He rose to prominence in 2021 as a central figure in the GameStop short squeeze saga and influenced the markets with his ambiguous and cryptic statements.

In early December, GameStop Shares and GME meme coin both jumped after he posted a modified version of the icon Time magazine cover X

His posts helped move prices in the opposite direction as wellIn September, he posted an altered photo from “Toy Story” that showed some traders were ditching his stock of Chewy, a pet food and grocery retailer. Shares of Chewy fell nearly 4% within a minute before eventually recovering to their previous price.

Gil’s role during the GameStop stock turmoil drew regulatory attention, and he was subpoenaed to testify before the US House Financial Services Committee in 2021. He was later played by actor Paul Dano in Dumb Money. big screen.

The The latest update was posted from his Reddit account—DeepFuckingValue— shows he owned 9 million shares of GameStop ( GME ) as of the end of June, worth more than $280 million at today’s prices. GME rose to a six-month high of $33 a share last week on Dec. 26.

GameStop shares are down nearly 1% on the day at a current price of $31.10 per share. However, the GameStop-inspired meme coin GME in Solana has jumped nearly 13% in the past 24 hours, but the token is down 87% from its peak seen last June.

Edited by Andrew Hayward