Trader Turns $27,000 Investment into $2 Million with GameStop Call Contracts

Subscribe to Alpha Reports for exclusive reports and key insights on airdrops, NFTs, and more. Unusual Whales, a data platform that tracks trading data, posted on Twitter about a trader who invested $27,000 in call contracts on GameStop, which peaked at $13.63, resulting in a 6,400% return and turning $27,000 into $2 million. Roaring Kitty's first tweet in nearly three years inspired traders to snap up meme stocks and meme digital coins and tokens, leading to a resurgence in cryptocurrencies and traditional stocks. Meme stock mania has returned to markets after amateur traders started pumping dying companies like GameStop in 2021, leading to chaos on Wall Street and government intervention.