As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made its mark on financial markets.
Nevertheless, some crypto companies have decided to pay ‘tribute’ to the WallStreetBets community. Recently, Coinmarketcap decided to list WallStreetBets token, which currently outranks Bitcoin, as the biggest crypto by market cap. CoinMarketCap stressed the fact that the listing was “a joke- no such asset exists.”
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