GameStop stocks are restricted on the NYSE due to low volume.
GameStop’s short sales volume hit its highest level in nine months amid doubts over its Bitcoin acquisition plans. The New York Stock Exchange (NYSE) has imposed a Short Sale Restriction (SSR) on GameStop after volume spiked to levels reminiscent of GameStop’s famous 2021 short squeeze.
As reported by AltcoinGordon on Twitter (X) at 10:45 AM EST on March 28, 2025, GameStop stocks are restricted on the NYSE trading restrictions on the New York Stock Exchange (NYSE) following a 24-hour spike in short volume to 234% (Gordon, 2025). This incident has affected the cryptocurrency market, especially meme-inspired cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), and is reminiscent of the 2021 meme stock mania.
According to CoinMarketCap statistics, DOGE saw a 12% price gain to $0.15 at 11:00 AM EST, while SHIB saw a 9% price increase to $0.000025 (CoinMarketCap, 2025). According to CoinGecko, the trading volume for DOGE increased by 300% from the average of the previous day to 5.2 billion DOGE moved in an hour (CoinGecko, 2025).
Likewise, SHIB’s trade volume increased by 250% to 1.8 trillion SHIB (CoinGecko, 2025). According to CryptoQuant’s study of market sentiment, this spike in meme currency activity can be ascribed to the increased attention and speculative trading brought on by the GameStop announcement (CryptoQuant, 2025).
The GameStop event has important trading ramifications for the cryptocurrency market, especially for meme coins. For investors hoping to profit from the momentum, the elevated volatility and trading volumes in DOGE and SHIB point to a possible short-term trading opportunity.
According to statistics from Binance, the DOGE/BTC trading pair saw a 15% increase in trading volume at 11:30 AM EST, hitting 10,000 BTC moved, while the SHIB/ETH pair saw a 12% increase in trading volume, reaching 500,000 ETH exchanged (Binance, 2025). According to Glassnode, the on-chain data for DOGE indicate a 35% growth in transaction volume to 6.5 billion DOGE and a 40% increase in active addresses, reaching 1.2 million (Glassnode, 2025).
According to Glassnode (2025), the number of active addresses for SHIB climbed by 30% to 800,000, while the amount of transactions increased by 25% to 2.2 trillion SHIB. Following the GameStop announcement, these measures show a high level of interest in meme coins, which may result in more short-term price growth.
According to statistics from Binance, the DOGE/BTC trading pair saw a 15% increase in trading volume at 11:30 AM EST, hitting 10,000 BTC moved, while the SHIB/ETH pair saw a 12% increase in trading volume, reaching 500,000 ETH exchanged (Binance, 2025). According to Glassnode, the on-chain data for DOGE indicate a 35% growth in transaction volume to 6.5 billion DOGE and a 40% increase in active addresses, reaching 1.2 million (Glassnode, 2025).
According to Glassnode (2025),
the number of active addresses for SHIB climbed by 30% to 800,000, while the amount of transactions increased by 25% to 2.2 trillion SHIB. Following the GameStop announcement, these measures show a high level of interest in meme coins, which may result in more short-term price growth.
According to CoinGecko data, the trading volume for DOGE and SHIB stayed high throughout the day, peaking at 6.8 billion DOGE exchanged at 2:00 PM EST and 2.5 trillion SHIB traded at 2:15 PM EST (CoinGecko, 2025). Traders should keep a careful eye on these meme currencies for possible trading opportunities in the upcoming hours, according to these technical indicators and volume data.
Regarding AI-related news, as of March 28, 2025, no specific changes that would affect AI-related tokens have been reported. However, if investors turn their attention to more reliable assets, the increased volatility in the cryptocurrency market brought on by the GameStop incident may have an indirect impact on AI tokens. At 3:00 PM EST,
According to CoinMarketCap data, the AI token Fetch.ai (FET) saw a 1.5% increase in price to $0.35, while the AI token SingularityNET (AGIX) saw a small 2% increase to $0.50 (CoinMarketCap, 2025). CoinGecko stated that the volume of trading for FET increased by 8% to 5 million FET traded, while the volume of trading for AGIX jumped by 10% to 10 million AGIX traded (CoinGecko, 2025)
. These shifts suggest a possible relationship between market sentiment and AI token performance, even though they are small in comparison to the meme coin boom. If the market continues to respond to the GameStop news, traders should monitor AI tokens for potential trading opportunities.
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