This article is for analytical reference only and is not intended as financial investment advice.
1. Gill’s return could boost GME stock price
GME (GameStop) has once again sparked heated discussions today, and this time the protagonist is "Roaring Kitten" Keith Gill. In 2021, Gill became the focus of public attention for his crazy behavior on Reddit. He is considered one of the key figures in promoting the GME short squeeze.
Now, Gill has taken to the Reddit stage again to announce that he made a big bet against GME, a move that caused GME's stock price to surge in the overnight market. He allegedly holds $181.4 million worth of GME shares and call options.
Gill shared his trading on June 2 in his first post since April 2021 on his Reddit account "DeepFuckingValue." According to the screenshots he posted, he bought 5 million shares of GME for $115.7 million and invested $65.7 million in call options, betting that the price of GME would reach at least $20 per share on June 21.
This screenshot shows that he made more than $9.3 million in profits on his GME holdings, but lost nearly $2.5 million on call options.
After Gill published his Reddit post, Robinhood’s overnight markets showed GME rising 19.19% to $27.58 in 20 minutes.
According to Google Finance data, as of Friday, May 31, GameStop closed at $23.14, with shares up 38.8% this year, and Gill's return appears to have boosted GME's stock price again.
And not long after Gill posted, $GME’s highest increase today soared to 294%, and the unit price even reached a high of $0.016.
As of now, $GME has increased by 233% in the past 24 hours, and its market value has exceeded $91.9M. This series of data shows its strong development momentum and market performance. Next, I will share with you several smart money addresses for your reference.
2. $GME Smart Money Sharing
Smart Wallet1
Address: CCH9vdhrvS9Rr5YcHmnRNdEGbE7Ecz57JnLc2AYhQNJS
01
This address made relatively few purchases, buying twice at an average price of $0.000643, spending about $10,400 to buy about 16.1M coins.
02
After buying, it was sold twice at an average price of $0.0077, earning approximately $114,000 and realizing a return of approximately 9.9 times.
03
The recent winning rate is 75%, which is relatively high, and the profit and loss ratio is also good, but the currencies involved are relatively few. We can continue to observe the situation in the future.
Smart Wallet 2
Address: 3fz8i7d4YJd6JNi1Nn96c1M4mHa2kmH8YFFXo5xfJ5yg
01
This address bought coins at an average price of $0.0021. The number of purchases was not very large, and it spent about $21,500 to buy about 10.3M coins.
02
After buying, they were sold in batches at an average price of $0.0071, earning approximately $189,000, a return of approximately 7.8 times.
03
The recent winning rate is relatively high, reaching 79.17%, and the profit and loss ratio is also good, with small losses and big profits. It is worth observing in the future.
Smart Wallet 3
Address: 9ph3fXRg82tZ7Ndgcgv7EsP3jChqfHcnfTQgBU69nTHJ
01
This address made multiple purchases at an average price of around $0.0016, spending approximately $47,400 to purchase approximately 47.1M coins.
02
Afterwards, they were sold in batches at an average price of around $0.0091, generating revenue of approximately $192,000, or approximately 3 times the profit.
03
The recent winning rate is average, about 45%, but the profit and loss ratio is okay, with small losses and big profits. We can observe the situation for a while.
Judging from the current situation, the development momentum of $GME is still worth looking forward to. Although its market performance looks good, we still need to pay close attention to market trends and be prudent when deciding to buy.
END
References for this article:
https://cointelegraph.com/news/gamestop-gme-memestock-surges-keith-gill-roaring-kitty-discloses-shares
