Memecoins are back, and the returns are so big that even hedge funds can't resist [Yahoo! Finance]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance
Some argue that memecoins are here to stay this time as they morph into something more than a joke. Memecoins have made a comeback amid bitcoin's big rally this year, and with skyrocketing returns in the highly volatile corner of the crypto market, some hedge funds have been jumping in, Bloomberg reported California-based hedge fund Stratos debuted a fund that holds Dogifwhat, a token whose mascot is a dog in a beanie. The coin helped drive the fund to a 137% return in the first quarter, according to Bloomberg. Meanwhile, sources told the news outlet that Brevan Howard, the New York-based alternative investment manager, has dipped its toe into the memecoin market with a "tiny" investment. Coins like Dogwifhat and Baby Doge Coin rocketed to all-time highs last month amidst bitcoin's explosive rise in the first quarter of the year. Crypto fund Pantera Capital wrote in a recent note that the joke tokens are here to stay amid opportunities for stunning gains. Memecoins are ea
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GME
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- 3/26/24 - Miss
GME
Sec Filings
- 4/30/24 - Form ARS
- 4/30/24 - Form DEFA14A
- 4/30/24 - Form DEF
- GME's page on the SEC website