A crypto trader saw an unrealized gain of over $2 million in less than 12 hours by capitalizing on the controversy surrounding Robinhood Markets (Nasdaq: HOOD) and AMC Entertainment Holdings (NYSE: AMC).
Here is what happened.
Related: Jim Cramer issues bullish call on Robinhood after Morgan Stanley upgrade
As reported earlier, the two companies recently got involved in a major controversy.
Robinhood is an e-brokerage platform that offers equity, crypto, and stock tokens. A tokenized stock or a stock token is a digital token created on a blockchain that tracks the price of a publicly listed company's stock. It is only a synthetic version of a stock, with no official relation to the company publicly listed on a stock exchange.
#listed
Here is what happened.
Related: Jim Cramer issues bullish call on Robinhood after Morgan Stanley upgrade
As reported earlier, the two companies recently got involved in a major controversy.
Robinhood is an e-brokerage platform that offers equity, crypto, and stock tokens. A tokenized stock or a stock token is a digital token created on a blockchain that tracks the price of a publicly listed company's stock. It is only a synthetic version of a stock, with no official relation to the company publicly listed on a stock exchange.
#listed
5 days ago
