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GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy

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In brief

  • GameStop’s stock price fell for a second straight day, finishing below $30.
  • The video game retailer announced its first big Bitcoin buy on Wednesday, ahead of the dive.
  • GameStop bought over $500 million worth of Bitcoin to kick-start its crypto treasury.

The stock price of prominent video game retailer GameStop fell for the second straight day after the company announced its first-ever Bitcoin buy in excess of $500 million Wednesday morning.

GME finished the trading day down over 5% to $29.57 per share, diving further after a nearly 11% daily drop by the end of the trading day Wednesday. The Nasdaq-listed stock has lost most of its weekly gains, now up just more than 1% over that span.

GameStop’s share price popped to just shy of $36 at Wednesday’s open, the highest price recorded in nearly a year since GME briefly popped to $48 in June 2024 when meme stock influencer Keith Gill (aka Roaring Kitty) made his return.

The firm has now seen that kind of Bitcoin-related volatility on multiple occasions. GameStop’s stock price rose in late March when it initially disclosed its plans to add Bitcoin as a treasury asset, but then fell soon after when the company announced plans to raise up to $1.5 billion to buy BTC rather than tap into its cash reserves.

While GME was down Thursday, stock market indices were broadly green, albeit only slightly so. The Nasdaq and S&P 500 both finished up by about 0.4%, with the market digesting big news like a U.S. trade court pushing back on President Trump’s tariffs—though an appeals court has since stepped in—and an economic report showing a contraction in GDP.

The continued decline in GameStop’s price over the last two days comes as Bitcoin itself struggles to hold onto recent gains after setting a new all-time high price last Thursday.



After peaking at a new high of $111,814 on May 22, the price of Bitcoin has gradually fallen, now down more than 5% since then to a current mark of $105,957. Other major assets like Solana, XRP, and Dogecoin have fallen harder over the last seven days, while Ethereum is down less than 1% during that span.

GameStop announced early Wednesday that it acquired 4,710 Bitcoin, valued at $512 million at the time and about $499 million as of this writing.

The firm raised just shy of $1.5 billion to put towards the Bitcoin treasury initiative, and CEO Ryan Cohen said during a video interview at Wednesday’s Bitcoin 2025 conference that the firm is “not going to call our shots in advance” regarding potential future BTC buys.

Strategy, the largest corporate Bitcoin treasury holder with over $61 billion worth of Bitcoin, pioneered the model that GameStop is following. It has propelled Strategy’s stock (MSTR) to new heights in recent months, and helped boost many other smaller firms that have adopted their own crypto strategies in recent months.

GameStop investors, however, don’t appear to be as excited about the retailer’s latest crypto embrace—at least so far.

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Are POL, XYZ, DOT setting up for their next price shift?
GameFi Guides

Are POL, XYZ, DOT setting up for their next price shift?

by admin



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

POL, XYZ, and DOT show unusual price patterns. Analysts suggest early signs of major moves as XYZ gears up for a CEX listing.

Signs point to possible major moves for POL, XYZ, and DOT. Analysts observe unusual patterns in these digital assets. Could these be early indicators of significant price changes? This article examines the factors at play and what they might mean for the future of these cryptocurrencies.

Undervalued XYZ memecoin eyes major CEX listing as momentum builds fast

XYZVerse (XYZ) is making serious waves in the memecoin world with a bold vision: climbing from $0.0001 to $0.10 during its presale phase. And it’s already halfway there. Over $13 million has been raised, and the current token price sits at $0.003333.

With the upcoming 13th presale stage, the price will jump to $0.005, giving investors a limited-time opportunity to grab XYZ at a steep discount before it hits the open market.

Big exchange listings on the horizon

Post-presale, XYZ is set to be listed on top-tier centralized and decentralized exchanges. While the team hasn’t revealed the names yet, teasers suggest a major debut is coming soon.

Born for fighters, built for champions

XYZVerse is more than a memecoin, it’s a movement built for those chasing greatness. Whether someone is a crypto degen, a die-hard sports fan, or just hungry for the next 50X opportunity, XYZ speaks different languages.

At the heart of the project is XYZepe, the masked fighter symbolizing grit, growth, and the relentless climb to the top. Will XYZVerse rise to memecoin royalty like DOGE and SHIB? The battle is on.

A community that gets rewarded

XYZVerse doesn’t just talk community, it delivers. A massive 10% of the token supply (10 billion XYZ) is reserved for airdrops, putting it among the biggest community reward programs in crypto.

Backed by strong tokenomics, deflationary mechanics, and upcoming listings, XYZVerse is primed for a powerful run. Every presale stage, every burn, every reward is building toward something much bigger.

Airdrops, rewards, and more — Join XYZVerse to unlock all the benefits.

Polkadot

Polkadot (DOT) has experienced notable price changes recently. Over the past six months, its price has decreased by 49.78%. In contrast, the last month saw an increase of 6.82%. However, the past week registered a decline of 4.22%, indicating ongoing volatility.

The current trading range for Polkadot is between $4.21 and $4.97. The nearest resistance level is at $5.42. If the price surpasses this point, the next resistance is at $6.18. On the downside, the nearest support level is $3.90, with a second support at $3.14.

Technical indicators show mixed signals. The 10-day and 100-day simple moving averages are close, at $4.57 and $4.52 respectively. The RSI is at 48.36, near the neutral zone. The Stochastic oscillator reads 60.71, suggesting moderate bullish momentum. The MACD level of 0.0152 indicates a slight upward trend. These factors suggest the price may continue to consolidate or move toward the nearby support or resistance levels.

Polygon

POL (ex-MATIC) (POL) has faced significant declines over the past six months, with its price dropping by 60.63%. Currently trading in the range of $0.22 to $0.25, the token has seen a 5.08% decrease in the past week and a 4.01% decline over the last month. This sustained downward trend highlights ongoing market challenges for POL.

Technical indicators present a cautious outlook. The Relative Strength Index (RSI) is at 50.03, indicating a neutral market without clear overbought or oversold conditions. Both the 10-day and 100-day Simple Moving Averages (SMA) stand at $0.23, suggesting a consolidation of short-term and long-term trends. The MACD level is slightly positive at 0.0004599, hinting at minimal bullish momentum. The stochastic oscillator registers at 65.16, below the traditional overbought threshold.

Key support levels are at $0.21 and $0.18. A drop below the immediate support could lead to an 18% decline to the next level. Resistance is at $0.27 and $0.30. Breaking above the nearest resistance could result in a 20% rise, signaling potential recovery. Traders are watching these levels to assess future movements based on the current technical data.

Conclusion

DOT and POL show potential in the bull market, but XYZ stands out with its sports meme culture and aims for massive growth.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.



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DOGE Price Prediction for May 31
GameFi Guides

DOGE Price Prediction for May 31

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Bears have seized the initiative at the beginning of the weekend, according to CoinStats.

DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has gone down by 5.75% since yesterday.

Image by TradingView

Despite today’s fall, the price of DOGE has almost tested the local resistance of $0.1945. If buyers’ pressure continues, there is a chance of a level breakout, followed by a move to the $0.20 range.

Image by TradingView

On the bigger time frame, traders should pay attention to yesterday’s candle low.

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If a false breakout happens and the bar closes far from it, one may witness a bounce back to the $0.20-$0.21 area shortly.

Image by TradingView

From the midterm point of view, there are no reversal signals so far. If the weekly bar fixes below the $0.20 zone, the correction is likely to continue to the $0.16 mark.

DOGE is trading at $0.1912 at press time.



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Jordan Peele Limited Edition Steelbook Collection Drops To Best Price Yet
Game Updates

Jordan Peele Limited Edition Steelbook Collection Drops To Best Price Yet

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Jordan Peele fans can add a limited-edition 4K Blu-ray combo pack to their collection for cheap right now. Amazon has the Get Out / Us Double Feature: Limited Edition Steelbook discounted to only $26. Released last October with an MSRP of $46, this four-disc collection cleverly combines the memorable key art from both horror hits to create a unique display piece. The $26 price is a new all-time low for the Get Out / Us Steelbook. This deal is so good that you’d actually pay more for the 2019 version of the 4K Double Feature with a standard plastic case ($30).

$26 (was $46)

The Us / Get Out Double Feature – Limited Edition Steelbook

The four-disc set includes 4K Blu-ray and standard Blu-ray discs as well as digital versions of each film and a bunch of special features. We’ve included lists of bonus content for each movie at the bottom of this story. Unfortunately, there isn’t a 4K Blu-ray box set featuring all three of Peele’s movies. There is, however, a Jordan Peele 3-Movie Collection with Get Out, Us, and Nope on 1080p Blu-ray for $19.47 (was $45) at Amazon.

But if you pick up the deal on the Limited Edition Steelbook, you could pair it with Nope’s 4K Blu-ray Collector’s Edition for only $17. If you go that route, you’ll be getting all three of Peele’s movies on 4K Blu-ray and 1080p Blu-ray for $43–as well as a cool steelbook case.

Get Out (2017) and Us (2019) are widely regarded as two of the best modern horror films. Peele wrote, directed, and produced both movies. For Get Out, his directorial debut, Peele won the Academy Award for Best Screenplay and was nominated for Best Director. Get Out also earned a Best Picture nomination, and lead actor Daniel Kaluuya was nominated for Best Actor.

Kaluuya also starred in the 2022 movie Nope, Peele’s third and most recent directorial project. Nope garnered widespread critical acclaim and showcased Peele’s range within the horror genre. While his first two movies were psychological horror, Nope was a compelling mix of horror, science fiction, and neo-Western.

Here’s a look at the special features for the 4K Blu-ray and Blu-ray versions of Get Out, Us, and Nope. The 4K Blu-ray editions support Dolby Vision and HDR10.

Special Features for Get Out

  • Audio commentary by Jordan Peele
  • Unveiling the Horror of Get Out
  • Q&A with Jordan Peele and the cast
  • Alternate ending with optional commentary from Peele
  • Deleted scenes with optional commentary from Peele

Special Features for Us

  • The Monsters Within Us
  • Tethered Together: Making Us Twice
  • Redefining a Genre: Jordan Peele’s Brand of Horror
  • The Duality of Us
  • Becoming Red
  • We’re All Dying
  • Scene Explorations
  • As Above, So Below: Grand Pas de Deux
  • Deleted scenes

Special Features for Nope

  • Shadows: The Making of Nope
  • Call Him Jean Jacket
  • Mystery Man of Muybridge
  • Deleted scenes
  • Gag reel



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SHIB Price Prediction for May 31
GameFi Guides

SHIB Price Prediction for May 31

by admin


The market has turned to red again, according to CoinStats.

Top coins by CoinStats

SHIB/USD

The price of SHIB has fallen by 5.21% over the last day.

Image by TradingView

On the hourly chart, the rate of SHIB is going up after a false breakout of the local resistance of $0.00001235. If bulls can hold the gained initiative, there is a chance of a test of the resistance by tomorrow.

Image by TradingView

On the bigger time frame, the price of the meme coin has made a false breakout of the formed support of $0.00001230.

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If the candle closes far from that mark, traders may witness local growth to the $0.000013 zone.

Image by TradingView

From the midterm point of view, sellers remain more powerful than bulls. If the weekly bar closes below the interim level of $0.000012, one may expect a test of the support soon.

SHIB is trading at $0.00001265 at press time.



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Ethereum-based game Ember Sword shuts down due to lack of funding
GameFi Guides

Ethereum price declines, June’s poor track record looms

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Ethereum price pulled back in the past three days as traders adjust their positions for June, its historically worst month.

Ethereum (ETH) has declined for three consecutive days, hitting a low of $2,500. That’s a 9.8% drop from its monthly high. Despite the pullback, it has outperformed most altcoins, many of which have fallen more than 15% from their highs this month.

ETH retreated ahead of June, which is usually its worst month, because of the start of summer. CoinGlass data shows that the average monthly performance in June since 2016 is minus 7.4%. Its median monthly return in June is minus 8.68%.

ETH monthly returns | Source: CoinGlass

June is also Bitcoin’s (BTC) second-worst-performing month after September, with an average return of minus 0.35%. 

Seasonality does not always work out. For example, ETH dropped by 18% in March, bucking a four-year trend of gains. It also dropped by 31% in February, after recording positive gains in the last six consecutive years. 

Ethereum has some strong fundamentals as June kicks off. First, there are signs that the coin is cheap, as the closely-watched MVRV ratio has moved to minus 0.074. The MVRV ratio compares the market value and the realized value, with a reading of less than 1 signaling that an asset is undervalued. 

There are also signs that Ethereum whales are buying the dip. They hold 103.5 million ETH coins, up from this week’s low of 103.45 million. Whale purchases is a highly bullish sign.

Ethereum whales and MVRV score | Source: Santiment

Wall Street investors have also continued to buy ETH this month. Spot Ethereum ETFs have had inflows in the last 10 straight days, bringing the cumulative inflows to over $3 billion. 

Ethereum price technical analysis

The daily chart below shows that Ethereum’s price bottomed at $1,385 on April 9 and then bounced back to the current $2,530. It has moved above the 50-day moving average and is slowly forming a bullish flag pattern.

This pattern comprises of a vertical line and a consolidation. 

ETH price chart | Source: crypto.news

Ethereum is also forming a cup-and-handle pattern, a popular continuation sign. The cup has a depth of about 50%, giving it a price target of $4,185. 



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XRP
Crypto Trends

Wave Structure Puts XRP Price In The $18.22-$23.20 Range In The Short Term

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The XRP price may be on the verge of a huge breakout, as a new wave structure points to a potential surge toward the $18.22 to $23.20 price range in the short term. This distinct wave structure has emerged on the weekly chart, echoing historical patterns and well-defined technical frameworks that preceded a significant rally in late 2024. 

Massive XRP Price Rally Incoming

At the core of this short-term price analysis published by crypto analyst Dark Defender on X (formerly Twitter) is the appearance of a unique Elliott Wave structure now visible on the XRP weekly chart. According to the analyst’s forecast, XRP is set to complete its first two waves and is getting ready to enter Wave 3. 

Recently, XRP broke through a long-standing descending resistance line and is now approaching a key mid-level target around the $5.85 to $6.39 range within Wave 3. While reaching this bullish range is important for the altcoin to initiate its next leg up, the main focus is on the upper targets between $18.22 and $23.20. Dark Defender has boldly forecasted that XRP, currently trading at $2.18, could see a massive price surge to $23 by November 2025, which is the anticipated peak of Wave 5.  

Source: Dark Defender on X

A historical reference from November 2024 further reinforces this optimistic outlook. At the time, the crypto analyst notes that XRP displayed a clear technical wave configuration that led to a strong upward move. The same structure appears to be playing out once again, now with stronger technical signals and a decisive resistance break.

Based on XRP’s projected bullish trajectory on the weekly chart, the altcoin is expected to make a minor correction toward the $2.1 – $1.92 range before launching into Wave 3. This next move could see XRP break past the mid-level target and peak around $11 by September. 

After reaching the Wave 3 top, a corrective Wave 4 is anticipated, potentially triggering a major breakdown to the $7 – $8 zone. Once this consolidation phase ends, XRP is likely to progress into the final bullish Wave 5, aiming for the ambitious upside target between $18.22 and $23.20, which represents a rally from 735% to 963%. 

XRP MVRV Golden Cross Signals Big Move Ahead

The broader market sentiment around XRP is shifting bullish, as experts predict a strong rally on the horizon. According to on-chain analyst Ali Martinez, XRP has just printed a rare and potentially significant Golden Cross between its Market Value to Realized Value (MVRV) ratio and the 200-day Simple Moving Average (SMA).

The emergence of this Golden Cross pattern suggests that long-term sentiment may be aligning with a renewed wave of optimism. Building on this key indicator, Martinez has boldly predicted that this crossover could mark the beginning of the next major leg up for XRP.

XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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$161,023,918 in Solana (SOL) Moved Mysteriously as Price Falls Deeper
Crypto Trends

$161,023,918 in Solana (SOL) Moved Mysteriously as Price Falls Deeper

by admin


  • Nearly 1 million SOL moved
  • What’s next for SOL?

The crypto market is dumping, and whales have been spotted actively moving large amounts of tokens, fueling speculation among the crypto community. On-chain tracking platform Whale Alert has spotted another large crypto transfer involving substantial amounts of Solana on May 30.

Nearly 1 million SOL moved

According to the data source, the transfer saw a massive 999,998 SOL change hands among unknown wallets in a single transaction. Notably, this large transfer was worth about $161 million per SOL price at the time the transaction was executed.

The tokens were transferred by an unidentified sender with the wallet “36ZYBfaz2,” which has not been active for the last six months, to a mysterious destination that appears to be consistent in trading tokens.

Just as the identity of the parties behind this significant SOL movement remains unknown, the reason behind the transfer, which occurred amid the persisting market downturn, could not be ascertained either. Investors are particularly curious about large crypto transfers like this happening on a typically high-volatility day.

What’s next for SOL?

This massive transaction occurred when the broad crypto market was experiencing a massive downturn, with the price of leading cryptocurrencies crashing to previous lows.

Following this negative trend, SOL has also traded bearishly in recent days, projecting a notable decline of about 6% over the last day. This has seen SOL give back recent gains, trading at $158 as of press time—a level it last reached on May 5.

Source: CoinMarketCap

Amid this massive price dip, SOL has seen its trading volume surge to $4.47 billion, a substantial increase of 36.53% over the last 24 hours. Usually, when a substantial increase in trading volume accompanies a significant downturn in a token’s value, it signals massive sell activity from holders. This indicates that holders are actively moving notable amounts of tokens out of exchanges.

Thus, SOL’s trading pattern today suggests that the large SOL transfer witnessed earlier might be an attempt by a large investor to sell off a significant portion of their holdings.

While the potential performance of SOL remains uncertain, investors are optimistic that the massive market fall will be succeeded by another bull run, which could push the token toward a new high.



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Satoshi's Bitcoin Holdings Hit by Price Slump
NFT Gaming

Satoshi’s Bitcoin Holdings Hit by Price Slump

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Based on Arkham data, the value of Bitcoin creator Satoshi Nakamoto’s Bitcoin holdings has dropped by over $4 billion in the last four days.

According to recent Arkham data, Satoshi’s Bitcoin holdings are nearly $116 billion, a more than $4 billion decline from the $120 billion reported by Arkham on May 26. Bitcoin has fallen since May 26, when its price rose beyond $110,000.

Bitcoin achieved a high of $110,474 on May 26; bullish attempts to reclaim the $111,000 level culminated in highs of $110,829 on May 27, following which Bitcoin began to decline.

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Bitcoin has dropped three days in a row since this date and is currently trading in red as the crypto market fell in the early Friday session, with over $703 million of crypto positions liquidated. Bullish traders accounted for the majority of this figure, which came in at $640 million.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to hold nearly 1.1 million BTC spread across early-mined addresses. These coins have never moved and are considered “off-market,” but their theoretical value still attracts attention during major market moves.

What’s happening?

Bitcoin dropped to its lowest level since May 20 as cryptocurrency markets cooled following a multi-week surge from April lows.

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The leading cryptocurrency fell to a session low of $104,624 before recovering to $105,570 at press time, down 1.53% in the last 24 hours and 3.9% weekly.

The crypto market is bracing for impact, as the Inflation rate slipped to 2.1% in April, lower than expected, the Fed’s preferred gauge shows.

The personal consumption expenditures (PCE) price index, the Federal Reserve’s key inflation measure, rose only 0.1% in the month, bringing the annual inflation rate to 2.1%, the lowest since 2025.

Expectations are on the Fed to lower its key interest rate, which is positive for risk assets as inflation returns to the central bank’s 2% target. However, policymakers have been hesitant to move as they await the longer-term impacts of trade policy.



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SUI
GameFi Guides

SUI Price Set For $10? Wave 3 Says Double-Digits Is Coming In June

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The SUI price is seeing renewed interest as analysts predict that a major price move is underway. According to an Elliott Wave analysis, SUI is entering Wave 3 and could be gearing up for an explosive surge to $10 by June.

Wave 3 Breakout To Push SUI Price Above $10 

The SUI price action since April 2025 has followed a textbook Elliott Wave pattern, suggesting that the altcoin may be entering a powerful uptrend. A technical analysis shared by Crypto Bullet on X (formerly Twitter) forecasts that SUI may be preparing for a parabolic run to or above $10 by June. 

The analyst’s chart shows that SUI has completed a five-wave impulse from April’s bottom, which formed a Wave 1 structure. This was followed by a healthy price correction, now labeled as Wave 2, which appears to be either complete or very close to its end. The next leg in SUI’s Elliott Wave structure is Wave 3, historically the strongest wave and often delivering gains in the shortest period. 

Based on the analysis, the SUI price is presently respecting the wave count. The initial Wave 1 rally saw strong momentum, clear sub-waves, and a defined structure. Despite recent market uncertainty and the aftermath of the Cetus hack, the analyst noted that the correction phase in Wave 2 was expected and necessary to prepare for the next rally.

Source: Crypto Bullet on X

Based on Crypto Bullet’s analysis, SUI’s price action aligns almost perfectly with the classical Elliott Wave Theory. The altcoin is also poised to enter Wave 3 and potentially catapult to bullish targets of $10 and beyond. 

As of now, SUI is trading at $3.64, but if the wave count plays out as expected, the analyst predicts that the altcoin could soon break resistance levels near $4.70 and $5.20 on its way to a double-digit target. The chart’s technical roadmap also suggests a potential climb toward the $13 – $14 range during Wave 3, with a further push toward $16 – $18 likely as Wave 5 unfolds later in the cycle. 

SUI Prints Bullish MACD Cross

According to a technical chart analysis presented by Funkii.sui, a market analyst on X, the SUI price has just printed a bullish Moving Average Convergence Divergence (MACD) crossover — a momentum shift that previously led to a rally of over 723.15%. This new crossover suggests that the altcoin may be entering a fresh macro uptrend after months of consolidation and corrective movement. 

Currently, SUI technical indicators point to a strong setup. On the weekly timeframe, the MACD line has crossed above the signal line, indicating a potential for a long-term trend reversal. The last time this signal flashed, SUI surged from under $0.6 to nearly $5. 

As a result, Funkii.sui predicts a potential move to $16 or higher, representing a gain of over 593% if the same pattern repeats. The analyst’s chart shows that SUI recently rebounded from a key support zone around the $1.8 – $2.00 range. This bounce, combined with a clean break above the 0.5 Fibonacci level, signals the possible end of SUI’s downtrend and the beginning of a new impulsive wave.

SUI trading at $3.66 on the 1D chart | Source: SUIUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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