The legendary stock god returns, and the meme stock GME has set off an investment boom again! In early 2021, a huge event in the financial market, the GME incident, sparked heated discussions among investors around the world. This battle was jointly launched by retail investors, the Reddit community, and some large hedge funds. Hedge funds, especially Melvin Capital, shorted GameStop (GME) stocks on a large scale, believing that it would decline due to the trend of digitalization.

However, the collective action of retail investors counterattacked the hedge funds, causing GameStop's stock price to soar to $483 in a short period of time, causing the hedge funds to suffer huge losses.

The GME incident not only swept the stock market, but also pushed up the stock prices of other "Meme stocks" (such as AMC, BlackBerry, Nokia, etc.). The influence of social media in financial decision-making has been strengthened, and retail investors have changed people's views and participation in the stock market through collective action.

At the same time, Musk's tweet of Doge Meme on Twitter further promoted the crypto meme bull market.

The core of the GME incident is the outburst of meme culture. Investors use various memes to communicate strategies and create a common cultural identity against traditional financial institutions on Wall Street.

In January 2021, shortly after the GME incident, Musk began to tweet Doge Meme on Twitter, and the market value of DOGE reached 90 billion US dollars. Today, GME has risen by more than 100% again. Pepe is strong first, and Sol's GME eponymous token has a market value of 6 billion US dollars.

Crypto players are advised not to follow the trend blindly, but to calmly analyze the market in order to become the final winner. Let us concentrate together and meet the challenges of the investment world!

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