➡️ The #GME token surged by 1,800% in a week

GME utilizes the stock ticker of the legendary #GameStop, although it is not officially associated with the company. On Monday, GME saw a 1,247% increase with a total trading volume of over $70 million. The surge is attributed to the return of the Reddit trader Keith Gill, who rocked the boat with GameStop three years ago and became a symbol of resistance against Wall Street. 💪

If you missed all the buzz surrounding GameStop and are curious about what happened back then, drop a comment 🔥, and we'll prepare a special long read to reconstruct the timeline of events and explain why it was a significant precedent for the entire financial industry.

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⚡️#Nasdaq has halted trading in #GameStop shares due to abnormal volatility

Meanwhile, Keith Gill continues to troll Twitter, posting a clip from the movie "Troy" where Achilles son of Peleus defeats a massive warrior with a single blow, clearly hinting at a new wave of rebellion against institutions.

It seems we are in for a full-fledged sequel to the events of 2021, with pump-and-dump schemes involving both shitcoins and stocks of similar magnitude. While we await the continuation, the long read on the first uprising is already in progress, thanks for your reactions 🔥

⚡️ You’ve been waiting, fiercely spamming likes on the post about #GME, and finally, here it is!

Today you will learn about the hype around #GameStop and how the little guys knocked down Wall Street a few pegs and created the first economic flash mob in history 🐹

Let’s start from the beginning. In 2021, GameStop was engaged in retail sales of discs, consoles, and other gaming stuff. Since 2015, it had started to experience difficulties with its existing business model, which is understandable given that digital distribution of games had been putting pressure on physical media and offline retail for several years. Furthermore, amid the pandemic, the company's shares fell to a historic low of $4.5 each

It's not hard to guess that with such results and economic prospects, GameStop became an excellent target for short-sellers from major funds

Everything would have been fine, but the situation GameStop was in caught the attention of Reddit traders, who saw an injustice in the fact that the "big guys" on Wall Street were profiting from a dying company. Without much hesitation, the guys from Reddit decided to teach the boomers a lesson 🤷‍♂️

The "mom's basement traders" from the subreddit r/wallstreetbets started buying up options on GameStop shares under the slogans "Save gamers' honor" and "Punish the hedge fund piranhas." And the more options that were bought, the more the stock price rose. The losses of the hedge funds that bet on the decline exceeded $5 billion, and many had to attract borrowed funds to stabilize. In short, poor Norwegian pensioners were unlucky once again

The situation worsened when the meme lord himself, Elon Musk, joined the party. With his tweet, he doubled the price of GameStop shares, and apparently, it was then that he realized that Twitter could be used not only for jokes about trampolines.

Stay tuned for more tomorrow, and in the meantime, send this post to your friend who also doesn't understand what #GME is and why the revived Twitter guy in the red bandana is pumping #memecoins

🐹 How the Little Guys knocked down Wall Street. Part 2

Reddit was jubilant — in late January 2021, the price of one share of the gaming retailer was around $360, which, given the $4 per share price in January 2020, signified a 9000% increase over a year 🤯

The r/wallstreetbets community grew to 8 million subscribers and was celebrating victory, when suddenly...

At the height of the battle between Redditors and the moldy funds, the popular private trading service #Robinhood blocked the ability to buy #GameStop shares. The problem was that Robinhood was the main platform for investing in GameStop because it positioned itself as a free service for ordinary people. However, it turned out that Robinhood's real earnings were not from transaction fees but from selling data about its users' behavior to large brokers and traders. So, as soon as the flash mob with the stock pump got out of hand, Robinhood decided to protect its real clients and shut down the party.

And now we smoothly transition from the stock market confrontation to the cryptocurrency market. After the events with GameStop, the same Robinhood stopped trading #Dogecoin when the meme cryptocurrency just started getting pumped. It was with the support of the crypto flash mob by the admin of the r/wallstreetbets community that Doge's value soared by 1000% in a day.

That admin was Jamie Rogozinski (not to be confused with Rogozin). Yes, the same legendary "revolutionary" who earned $48 million from the GameStop pump, and whose Twitter recently came back to life, causing a stir in the entire community.

Now you know a little more, give a like for the effort and send this material to your friends so they can know a little more too 😉