Your email has been successfully added to our mailing list.

×
0.000392541707556385 0.000471050049067661 0.00147203140333649 0.00300294406280665 0.00343473994111858 -0.00196270853778227 -0.00343473994111876 0.0019627085377821
Stock impact report

Hedge Funds Are Succumbing to Mind-Boggling Returns of Memecoins [BNN Bloomberg (Canada)]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: BNN Bloomberg
When Dogwifhat became the hottest token in crypto back in December, Newport Beach, California-based Stratos launched a liquid fund that held the token, whose mascot is, of course, a dog wearing a beanie. At one point, the token's price appreciated by more than 300 times, helping the fund post a 137% return in the first quarter, or more than double the gains seen overall in the crypto market. Dogwifhat is down more than 40% from its record high reached last month. Stratos, which said its limited partners include venture capitalists Marc Andreessen and Chris Dixon, isn't the only hedge fund to dive into memecoins. Macro heavyweight Brevan Howard has made a “tiny” investment in the sector, according to a person familiar with the matter who wasn't authorized to speak on the record. Crypto fund Pantera Capital recently wrote that “memecoins are here to stay,” and that “memecoin trading creates gigantic” opportunities. Indeed, memecoins are registering the highest trading volume on so-ca Show less Read more
Impact Snapshot
Event Time:
GME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for GME alerts
Opt-in for
GME alerts

from News Quantified
Opt-in for
GME alerts

from News Quantified