$GME is at it again—24.86, up 6.42% over the past 24 hours, with trading volume of 2.8M.
The direct cause is right out in the open—Ryan Cohen bought again. This time it’s his own stock worth $10.6 million. He’s adding continuously, not in a one-off move. After hours it jumped 2%, and today during the day it kept pushing higher. In the past month alone, it’s up 31%. This kind of momentum isn’t common in meme stocks.
My take: $GME now doesn’t look like a pure emotion-driven pump anymore. Cohen keeps buying, which is basically sending the market a hard-floor signal—bears can’t just press it down without weighing the risk. Of course, it’s still a meme stock at its core, so volatility won’t be small. The range from 23.32 to 24.89 can be covered in a single day, and anyone chasing the price should know what they’re getting into.
What’s interesting is that this kind of traditional U.S. stock is now running 7x24 on Binance as well. Even when the U.S. market is closed over the weekend, it can still be traded, and capital inflows/outflows are much more flexible than before. If a stock like $GME is placed in a more on-chain environment, sentiment spreads faster and hits harder.
I’m leaning bullish, but not blindly so. Cohen’s money is more concrete than any amount of talk.
The direct cause is right out in the open—Ryan Cohen bought again. This time it’s his own stock worth $10.6 million. He’s adding continuously, not in a one-off move. After hours it jumped 2%, and today during the day it kept pushing higher. In the past month alone, it’s up 31%. This kind of momentum isn’t common in meme stocks.
My take: $GME now doesn’t look like a pure emotion-driven pump anymore. Cohen keeps buying, which is basically sending the market a hard-floor signal—bears can’t just press it down without weighing the risk. Of course, it’s still a meme stock at its core, so volatility won’t be small. The range from 23.32 to 24.89 can be covered in a single day, and anyone chasing the price should know what they’re getting into.
What’s interesting is that this kind of traditional U.S. stock is now running 7x24 on Binance as well. Even when the U.S. market is closed over the weekend, it can still be traded, and capital inflows/outflows are much more flexible than before. If a stock like $GME is placed in a more on-chain environment, sentiment spreads faster and hits harder.
I’m leaning bullish, but not blindly so. Cohen’s money is more concrete than any amount of talk.