Solana
GME crypto on Solana soars over 300% as GameStop stock heats up
Since Keith Gill’s, also known as “TheRoaringKitty,” recent post revealing he owns $65 million worth of stock GameStop (NYSE: GME) purchase options with a strike price of $21, which expires in 19 days, the price of GME cryptocurrency on the Solana (GROUND) blockchain briefly skyrocketed over 300%.
1-day GME price on the Solana blockchain. Source: CoinMarketCap
This rise follows the broader trend in GameStop stock, which has also seen a significant increase in its premarket upside. close to 100%.
Trader profits big from GME crypto token
A particularly savvy trader capitalized on this market movement. This trader had set a limit order that was triggered, resulting in the sale of 3.5 million GME for 260 SOL (approximately $43,000) at a price of $0.01226 per GME.
Despite this sale, the trader still holds a substantial position of 108 million GME, valued at approximately $1.5 million. To date, the total profit from these transactions is approximately $1.37 million.
For those who followed this trader moves and I bought GME when recommendedthe profit would currently be more than five times their initial investment when viewing transactions and holdings on Solscan.
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