Oddbean new post about | logout
 Crypto investors have flocked to unofficial GameStop memecoins because they're jumping on any “sign of hope they can,” say traders.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2024-05/900f4f80-d7df-483e-9110-b1bb864efd2c.jpg 
 These memecoins have seen a spike in price alongside the rise of GameStop's share price. The excitement generated around GameStop memecoins demonstrates that there is capital available that is not being allocated elsewhere