GME (GameStop) fell 2.28% in 24 hours

Gate News Bot news, August 22, according to CoinMarketCap data, as of the time of writing, GME (GameStop) is currently priced at $0.000058, down 2.28% in the last 24 hours, with a high of $0.000080 and a low of $0.000054. The current market capitalization is approximately $24 million.

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Important news about GME recently:

1️⃣ GameStop announces convertible bond plan, stock price falls significantly GameStop recently announced a convertible bond issuance plan, which caused its stock price to fall by about 25% in the short term. This move raised concerns in the market about the company's financial condition and future development strategy, negatively impacting the price of the GME token.

2️⃣ GameStop CEO Ryan Cohen increases his stake in the company GameStop CEO Ryan Cohen personally increased his holdings of GME stock worth $10 million after the company announced its Bitcoin acquisition plan. This action indicates that the company's management holds a positive attitude towards the future development prospects of the company, which may bring a certain boost of confidence to the GME token.

3️⃣ GameStop receives Bitwise ETF support Bitwise Asset Management has launched an ETF product that includes GameStop stock. This move may increase GME's market capitalization and liquidity, potentially bringing upward momentum to the token price.

From a technical perspective, the price of the GME token is currently in a consolidation phase. Recent negative news may lead to continued pressure in the short term, but the increase in holdings by company executives and the launch of new ETFs may provide some support for the token price in the medium to long term.

This message is not investment advice, and investors should be aware of market volatility risks.