Mania

As Meme Stock Mania Fizzles, Wall Street Sees ‘Big Reckoning’

The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books — plural — will undoubtedly be dedicated to the topic in years to come.

But after these small-time speculators banded together to drive up dozens of obscure stocks by hundreds or even thousands of percent — and in the process burned a few hedge-fund barons betting on declines — the movement appears to be petering out. An index that tracks 37 of the most popular meme stocks — 37 of the 50 that Robinhood Markets banned

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CumRocket Crypto Surges 634% In A Single Day In ‘Extreme Mania’ Market

What Happened: A cryptocurrency called CumRocket (CUMMIES) surged 634% in a single day, taking its market cap to over $140 million, according to data from CoinMarketCap.

The project’s main goal is to provide an NFT marketplace for 18+ content, where creators get paid in crypto and tipped in the CumRocket token CUMMIES.

CUMMIES are traded on the Binance Smart Chain, and according to the project’s tokenomics, every time someone sells a token, they are charged a 5% tax, of which 2.5% is burned automatically, while the other 2.5% is distributed to existing holders.

CumRocket considers itself to be more

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