Meme stocks are fading as retail traders rotate into cryptocurrencies and the metaverse, trading fintech CEO says

One year since GameStop started it all, the meme stock craze is fading. Last January, millions of retail traders banded together to drive eye-popping rallies in highly shorted, nostalgic companies, like GameStop, AMC Theaters, and BlackBerry. Day traders minted a new asset class dubbed the “meme …

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