Welcome back to The Breakdown with me, NLW.

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What's going on, guys? It is Tuesday, June 4th, and today we are talking about the return of Roaring Kitty.

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Well, friends, the GameStop saga has entered its next phase with Keith Gill,

aka Roaring Kitty, aka Deep Fing Value, entering the trading week, by disclosing a position worth several hundred million dollars. Three weeks ago, Roaring Kitty returned to social media

after a three-year hiatus.

On a Sunday night, he posted a meme of a gamer sitting bolt upright to lock in, followed by a series of video clips from popular movies.

There wasn't a clear interpretation for any of the posting, but Roaring Kitty had captured

the internet's attention.

Once markets open, GameStop soared, tripling in value over two days.

The price surge was accompanied

by the familiar outages at Robin Hood and other exchanges. Price action quickly reverted, though,

and by the end of the week, it seemed like the hype was over as quickly as it began.

Postmortems focused on the idea of Gil having returned with a villain arc rather than a champion

of the retail trader. Media chastised him for leading his followers into a pump that was doomed to fail.

There was even speculation that Gil had sold his social media account to the highest bidder.

Attention quickly faded with the sequel failing to capture the drama of the original.

But the game was far from over.

...