Several weeks ago GameStop went from a penny stock to a $500 stock for all of the wrong reasons. There were no technical reasons for this besides the hedge funds that had decided to short the stock. While some people made money and felt they had stuck it to the man a ton of people lost, even more, when Robinhood and other brokers restricted trading of the stock. Instead, a trading group on Reddit fueled the crazy speculation we all witnessed. Without a true reason for the stock to fly like that it has since fallen and fallen hard back down to the low $50s.
How does this relate to The Graph then and why would it be a problem you must be asking? Well, when The Graph jumped 72% in one day two days ago there really was no new information out on their Twitter or in the news. Instead what had happened was something we have seen with GameStop... It was tending with the cannabis stocks on both Reddit and Stocktwits. To me, this means that the crypto was pumped but there was no reason for this to happen and it will be hard for The Graph to hold the huge gains it has made the last few days. While it is not the world's worst thing when looking at GameStop's collapse after it ran out of gas one has to stop and wonder what is in store the next week or so with The Graph...
