🚨🚨🚨 $GME closed Friday at $25.12 (+3.93%), but look where the trading volume went. 53.20% traded on lit exchanges, compared with a 30-day average of 47.59%. That's a 5.61-percentage-point jump in visible exchange participation on the same day $GME reclaimed $25. NYSE handled 1,087,017 shares, representing 19.78% of total volume versus its 16.53% average. Nasdaq GSM came in at 9.46% versus 7.96%. Off-exchange activity dropped to 46.80%, below its 52.41% average. Nearly 5.5 million shares traded, with a larger share executing on lit venues. And peep CHX. Only 2,228 shares, or 0.04%, versus its 1.01% average. Remember the 189K-share CHX print we tracked earlier in the week? Quite a contrast. Friday's rally came with more lit exchange participation, stronger relative performance, plus a close above the heavily watched $25 options strike. Now I want to compare Monday's venue distribution. 👀🔥