7 days ago • Posted by William Ramstein

Crypto and meme stocks: retail investors spooked by recent sell-off

Meme tokens posted massive gains earlier this year, inspired by Tesla CEO Elon Musk-touted dogecoin, which posted a four-month-long winning streak. In April alone, the price of dogecoin rose 528.4% on Hong Kong-based crypto exchange FTX, according to TradingView. On the other hand, June figures tell a slightly different narrative with the meme coins underperforming versus May. Source: Coindesk