”Roaring Kitty” Keith Gill Becomes Chewy’s Third Largest Individual Shareholder With 6.6% Stake

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 02 2024

Should l Buy THETA?

Keith Gill's Investment in Chewy: Keith Gill, also known as Roaring Kitty, has become the third-largest individual investor in Chewy, holding a 6.6% stake in the company.
Gill's SEC Filing: Gill filed with the US Securities and Exchange Commission (SEC) on June 24, disclosing his ownership of 9,001,000 shares of Chewy.
Impact on CHEWY Token: The filing led to a significant increase in the crypto token CHEWY (CHWY), which surged by 497% in 24 hours.
Connection to GameStop: Gill rose to fame during the GameStop short-squeeze and has now made his first known investment beyond GameStop with Chewy.
Concerns Among Stakeholders: Gill's involvement in Chewy has raised concerns among institutional stakeholders, fearing a repeat of the GameStop scenario.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like THETA with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for THETA

Technical Sentiment Analysis for Theta Network (THETA) As of , Theta Network (THETA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for THETA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, THETA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Theta Network (THETA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0976	0.128	0.168	0.198	0.238	0.268	0.308
Fibonacci	0.128	0.155	0.172	0.198	0.225	0.242	0.268

About THETA

Theta is a Layer 1 blockchain and decentralized infrastructure for Video, AI & Entertainment use cases. Theta is a 'dual network' consisting of two complementary subsystems, the Theta Blockchain and the Theta Edge Network.Theta proof-of-stake blockchain provides payment, reward, staking and smart contract capabilities, while the Edge Network is responsible for the compute, storage and delivery of video streams, AI tasks, and other scientific, simulation and financial modeling use cases. There are two native cryptocurrencies on Theta blockchain: THETA, the staking and governance token, and TFUEL, used as gas for all transactions and on-chain smart contract interactions. The next-generation Edge Network, Theta EdgeCloud, is the first hybrid cloud computing platform built on a fully distributed architecture, set to launch later in 2024. Theta’s Web3 infrastructure enables media companies to drive incremental revenues, user engagement, and new Web3 business models. Theta Video API and Theta Web3 Theater are turn-key decentralized video API for developers offering significantly lower costs for video transcoding, storage, and content delivery, powered by patented Digital Rights Management technology.Theta blockchain also underpins the ThetaDrop NFT marketplace in partnership with Katy Perry, Samsung, Sony, American Idol, The Price is Right, Taste of Home, and other leading brands aiming to disrupt the digital collectibles industry. Theta Network’s enterprise validator and governance council is led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, and other global leaders. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), and CAA.. Theta is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for THETA?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy THETA?

Get Started Free