COIN gaining 5% today. Here's what's going on:

 Coinbase Global Inc (COIN) is trading 5% higher at $62 today. The stock had been under downward pressure recently on news that The SEC is investigating it for allegedly selling crypto tokens on its platform that qualify as securities without adhering to the associated rules and regulations.

Crypto influencer Cobie weighed in on his recent tweets which led to the DOJ investigation and arrests of several coinbase employees. According to beincrypto.com, Cobie said “I don’t feel great about that,” citing concerns that problems primarily lay at the institutional, and not individual level.

Coinbase Global Inc has been trading between a 52-week high of $368.9 and a 52-week low of $40.83. The stock has a market cap of $16.2 Billion.

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Odd-Pick7512 - 69 upvotes - source
Bro, meltdowners and SStonk are two sides of the same coin. Go to meltdown and click on literally anybodies profile there. It's literally nothing but people that do nothing but comment on other peoples investment in ONE company. If you ask me that's more sad than people playing the short squeeze lottery. You're free to make fun of someone's investment, but as soon as that becomes your entire online persona, you're just as cringe as anyone you're making fun of.

ExtensionEbb7 - 45 upvotes - source
I’m the type of guy to lose ten coin flips in a row.

stockerjocker - 11 upvotes - source
Cathie sells COIN at the bottom.

Outis7379 - 11 upvotes - source
With coin calls of all things. 🤣

uneducatedapple - 9 upvotes - source
How can I miss a coin flip everytime 

StopTooManyPeople - 7 upvotes - source
I got wrecked last week on SPY puts and lost $10k. I was so pissed I flipped a coin and dropped $50k on SPY calls on the 21st when it was at $396.50. Those god damn things were down 40% at one point. Now they are up enough to offset my $10k loss last week. Losing days off my life to break even. Good times.

thesaddestcuck - 7 upvotes - source
Imagine giving your money to Cathy Wood and she buys COIN TDOC ROKU SHOP ZM PTON with it and sells for a 90% loss 

zestykite - 7 upvotes - source
flip a coin. who the hell knows anymore

BigBoboGoingBigger - 7 upvotes - source
$COIN is losing it's mind, feels like someone buying it just to spite Cathie. Maybe she FOMO'd back in.

HereForTwinkies - 6 upvotes - source
Wood sells 1,000,000 shares of coin, crypto starts to moon.