Ryan Cohen has now bought 3.3M $GME shares worth over 74M USD in just 22 days.
Four separate purchases. His latest was another 700,000 shares for 17.1M USD on October 2.
Multiple GameStop directors have been buying too.
GME is up over 30% since September 8, and GameStop just reported 160.2M USD in Q2 operating income, its highest Q2 ever.
Something is happening with GameStop again.
And that’s one of the reasons I’m so bullish on $MEMESTOCK.
Back in 2021, Wall Street thought GameStop was a dying retailer. Roaring Kitty saw something different.
He shared his thesis, WallStreetBets rallied behind it, and retail traders turned a stock into one of the biggest financial movements in history.
Hedge funds lost billions, and an entire generation united around one simple phrase:
“I like the stock.”
Five years later, stocks are moving onchain.
On August 12, Binance listed $GMEB, a tokenized version of GameStop on BNB Chain.
That same day, $MEMESTOCK launched, paired directly with GMEB, allowing eligible holders to earn tokenized GME rewards from trading activity.
Hold the meme. Earn the stock.
Here’s what I find interesting.
When we started building MEMESTOCK, we had no idea Cohen would buy another 74M USD worth of GME or that the stock would start gaining momentum again.
We simply believed in the narrative and got to work.
We took MEMESTOCK to around 20M mc on its first run. Price action since has been brutal, but the core community is still here. Holding, creating content and working for their bags every day.
No free supply handed to the people putting in the work. Just a CTO built around a narrative we genuinely believe in.
And that’s what reminds me of the original GameStop movement.
Not the price action, but the people behind it.
Now GME is gaining momentum again, insiders are accumulating, and tokenized stocks are becoming a real onchain category.
The timing couldn’t be better.
GME had Roaring Kitty, WallStreetBets and “I like the stock.”
Now that same meme has an onchain chapter.
I like the memestock.
0x6FF45323817d1d53bbb8A8dFbA9245aE74057777
memestock-3:native on #BNB Chain bottom accumulation has been nothing short of spectacular.
Those who have been grinding through the bottom, accumulating, and understanding the supply distribution can see why the current setup is so bullish.
Only 7.7% of the supply remains in the liquidity pool, while jeet wallets continue to be replaced by accumulators and new conviction holders. Meanwhile, the majority of top holders continue holding and positioning for the next breakout.
Almost every major market-cap memecoin goes through a major retrace before making its next parabolic move, often 90%+, followed by redistribution, bottom accumulation, and a new wave of FOMO.
That’s how momentum gets built.
The bottom is where believers are built. The breakout is where everyone notices.
I like the memestock, and IMO if you're not buying this generational dip, you deserve to be poor, but DYOR, and invest what you can afford to lose.
CA: 0x6ff45323817d1d53bbb8a8dfba9245ae74057777
memestock-3:native on #BNB Chain is trending #2 on @PancakeSwap@bstocksfinance pairs, even during the dips. 👀
CA: 0x6ff45323817d1d53bbb8a8dfba9245ae74057777
I called it @cz_binance, it's memestock szn, and memestock is leading the charge, especially on BNB Chain.
Memecoins are now being paired with tokenized stocks, allowing holders to earn tokenized stocks simply by holding the memecoin.
For example, Memestock pairs with tokenized GME, $GMEB, allowing holders to receive $GMEB reflections directly into their wallets.
That brings inherent utility into memecoins, building this on @BNBCHAIN allows the mechanics to be transparent and automated on-chain, with rewards distributed directly to holders.
Memecoin culture + real-world asset exposure, with the rewards happening automatically on-chain.
We’re seeing much of this innovation happening on BNB Chain, and I’m excited to see where the Memestock meta goes. 🫡
And as @TrustWallet recently posted, cancel all your meetings, it's memestock szn. 😅
https://t.co/vNzpHZsB3z