- Tron CEO Justin Sun is ready to buy a whopping $10 million in GameStop stock (GME).
- He is prepared to purchase the stock from the Asia market as soon as it reopens.
TRON CEO Justin Sun confirmed in his tweet that he will soon buy a smashing total of $10 million worth of GameStop (GME) stock. Furthermore, he says he will make the purchase as soon as the Asian market reopens.
$1 Mil doesn’t seem enough, I’ll be buying $10 Mil $GME instead tonight from Asia when market opens! It’s time to unite & squeeze out those greedy hedge funds! Wallstreetbets, 4 billion Asian community & 20 mil $TRX community supports u! Let’s do this! 💪🏻@WSBChairman @wsbmod pic.twitter.com/d494a77RNq
— Justin Sun🌞 (@justinsuntron) January 29, 2021
With Sun’s interest in GME, GameStop’s stock value is expected to go wild over the next few days. Many also expect TRON’s (TRX) trading volume to see an additional boost following Sun’s decision to buy GME. Thus, this makes it a ‘win-win’ situation for both assets.
Despite Sun’s plan to buy such a huge amount of GME, it seems that Elon Musk’s previous tweet had already boosted GameStop’s stock value.
u can’t sell houses u don’t own
u can’t sell cars u don’t own
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
— Elon Musk (@elonmusk) January 28, 2021
Elon shares his views on the way the stock exchange works. He called out the absurdity on how the system is run, going so far as to calling the whole thing a scam.
However, Skybridge Capital Co-Founder Anthony Scaramucci compared the “GME movement” to the current Bitcoin price spike. He claims it’s no surprise that the current BTC price rally could also present the same as the current surge that GME is seeing.
Meanwhile, Bitcoin price recently rose to $37,000 and has declined to $33,561.63 on CoinGecko, at the time of writing.