According to Odaily, the Ethereum network GME has seen a nearly tenfold increase in the past four hours due to the renewed activity of Roaring Kitty. The analyst @ai_9684xtpa reported this significant surge.
The 'smart money' 0x8bd...ac6a2, who built a position in GME between May 17 and May 30, has seen a floating profit of about $300,000. This investor had spent 6.12 ETH (approximately $23,000) to buy 84.8 billion GME at a cost of $0.000002728 per unit. As of now, the investor has not transferred or sold any of these holdings, and the current return rate is as high as 1346%.
This sudden surge in the Ethereum network GME is attributed to the renewed activity of Roaring Kitty, a well-known figure in the crypto world. However, the specific reasons behind this activity and its potential impact on the broader market remain unclear. Investors are advised to keep a close eye on the market trends and make informed decisions.