This Wallet Spent $2M On 'Crazy Buy' Of 135M GME Meme Coins
Portfolio Pulse from Khyathi Dalal
A new wallet spent $2 million to acquire 135 million GME meme coins, making it the fourth-largest holder. This significant purchase has driven GME's price up by 32.4% in the past 24 hours and 158.3% over the week. The transaction was funded from Coinbase and is associated with two domains. The SEC is also investigating potential manipulation around GME options activity.
June 04, 2024 | 7:19 pm
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A new wallet funded from Coinbase spent $2 million to acquire 135 million GME meme coins, making it the fourth-largest holder. This significant transaction highlights Coinbase's role in facilitating large crypto trades.
The transaction underscores Coinbase's role in facilitating large-scale crypto purchases, which could attract more high-volume traders to the platform.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
A new wallet spent $2 million to acquire 135 million GME meme coins, making it the fourth-largest holder. This significant purchase has driven GME's price up by 32.4% in the past 24 hours and 158.3% over the week.
The large-scale purchase has significantly impacted GME's price, indicating strong market interest and potential for further price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100