Formed by Tron founder Justin Sun, a portfolio of assets promoted by members of the r / WallStreetBets group on the Reddit platform lost about 70% in two days.
On Monday, Justin Sun set aside $ 12 million to buy GameStop and AMC Entertainment shares, as well as silver. In a tweet that was accompanied by screenshots from the brokerage account, he wrote that “they are ready to fly to the moon.”
In total, for #wallstreetbets holdings, we bought $ GME 31900 with average price 313.9 cost 10013410 USD. $AMC 64700 with price 15.45 cost 999615 USD. $SLV 36300 with price 27.49 cost 997887 USD. Ready to moon 🌗 4 billion Asian community & 20 mil #TRON community is here! pic.twitter.com/Rt3aWAsCXP
— Justin Sun🌞 (@justinsuntron) February 1, 2021
As a result of trading on Tuesday, the value of positions fell to $ 4.5 million. Shares of GameStop fell 60%, AMC Entertainment – 41.2%, an ounce of silver – 8.2%. Sun did not comment on his next steps: whether he was able to limit losses or decided to hold assets in the hope of growth.
According to media reports, Metro-Goldwyn-Mayer and Netflix will film films about the vicissitudes of the confrontation between r / WallStreetBets subreddit users and Wall Street hedge funds.