🔸The on-chain community is in turmoil over the suspicious move by the GameStop retail mogul when their wallet unexpectedly transferred a total of 4,710 BTC (worth about 420 million USD) to an institutional trading platform, raising concerns about a large sell-off to unload assets.
🔸According to estimates, GameStop accumulated this inventory at an average price of $107,900, so if they decide to sell at the current market price, they will have to accept a painful actual loss of up to 84 million USD.
In your opinion, will GameStop continue to bear losses or accept a painful cut to exit the game?
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This article is for reference only; it is not investment advice. Please read carefully and consider thoroughly before making a decision.