On July 2, Gelunhui reported that Keith Gill (username Roaring Kitty), known as the "big brother" of retail investors in the US stock market, disclosed a passive stake of approximately 6.6% in Chewy. The stock rose to $30 on Monday and finally fell 6.6% to $25.44, with a trading volume of more than 62 million shares, more than three times the 25-day moving average volume. This is Gill's first known investment outside of GameStop. The connection between these two investments is that Ryan Cohen, the founder of Chewy, is now the CEO of GameStop. An insider said that Gill's investment has caused concerns among Chewy's top executives, who fear that asset management companies as shareholders may be deterred by the stock price fluctuations caused by a large number of retail investors, and the company's executives and board of directors have not yet discussed it with Gill. Documents submitted to the US Securities and Exchange Commission show that Gill purchased 9 million shares of Chewy at the closing price on Friday ($27.24/share), with a value of approximately US$245 million, making him the third largest shareholder of Chewy.