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Coreweave (CRWV) traded near an all-time peak of $163.10, after a relentless climb in the past two months. The stock gained up to 500% in the past two months, raising fears of an overinflated valuation. 
Coreweave (CRWV) continues to gain and set new price records, trading at $163.10. The company, which was supported by Nvidia during its recent IPO and depends on Nvidia’s chips for its main business, is at the center of AI growth and demand for high-powered computation. 

CRWV continued its trek to new all-time highs, raising questions about whether it is trading on fundamentals or behaving like a meme stock. | Source: Yahoo Finance
The current AI hype and demand for GPUs and data centers were enough to consider the company. Jensen Huang’s investment of $250M was also seen as a green light to invest in the company. 
Huang’s share of CRWV expanded to $3.1B in Q2, provided he never sold any shares. The CoreWeave rally is still a drop in the bucket compared to Nvidia’s $3.5T valuation, though the relationship between the two companies may be seen as the potential for an even higher price range. 
Coreweave flirts with meme stock status
Despite the fundamental support and demand for AI computation, CRWV started raising suspicions that it is following GameStop’s playbook and turning into a meme stock. Investor Jim Cramer has been calling CRWV a “meme stock,” sparking fears of cutting the recent rally short. 
There may not be enough money from meme people to keep chasing coreweave without dumping some palantir. I think that's what happened today.
— Jim Cramer (@jimcramer) June 4, 2025

Despite Cramer’s verdict, CoreWeave has shown some signs of repeating the GameStop short squeeze and irrational trading if traders are keen on holding without taking profits. 
CRWV shares were gaining traction on r/wallstreetbets, with signs of high-risk buying. The two-month rally had episodes of trading similar to meme stocks with risky bets expecting a high payout. 
In May, CRWV also showed some signs of a short squeeze, potentially leading to an uncontrollable rally if holders refuse to sell. Borrow prices increased for the stock, indicating that there may be funds shorting the shares following the two-month rally.
In the past three days, analysts warned that up to 45% of CRWV shares in circulation were shorted, up from 18% just a week before that. 
CRWV stocks showed constantly growing borrow rates, pointing to the formation of a short squeeze, with potential irrational traders and holders similar to GameStop. | Source: Fintel
In the past week, there were no failures to deliver CRWV shares, though the past two months showed multiple days of failure, with a record in April. CRWV anticipates a rally as high as $200, so the short positions are still not betting on an imminent price reversal.
At this point, CRWV is closely watched for starting an irrational short squeeze with accelerated buying, for an even more rapid hike far beyond fundamentals.
Crypto insiders have also watched CoreWeave turn into an AI favorite, often comparing its price rally to meme tokens. The company started its computation journey with Ethereum mining in 2017, only to see its GPU run idle during the 2018 bear market. 
Later, CoreWeave rebranded and pivoted to computation centers. In 2025, the company announced a $12B contract with OpenAI for securing data centers and reliable computation. The long-term contracts and positive outlook still prevent CRWV from being seen as only a short-term AI bet.
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#Binance , one of the biggest players in the cryptocurrency market, announced on June 4, 2025 that it will remove five cryptocurrency trading pairs from its spot trading list. This decision stands out as an important development that Binance users and those investing in related assets should follow carefully.Trading Pairs to be Delisted:According to Binance's announcement, the following five trading pairs will be removed from the platform's spot trading section as of June 6, 2025 UTC 03:00:ACX/FDUSDIDEX/FDUSDORCA/FDUSDTHETA/FDUSDXAI/FDUSDWith the delisting of these pairs, trading on these trading pairs will be completely stopped. At the same time, all trading bots associated with these pairs will be automatically disabled.Alternative Trading Opportunity Will ContinueBinance stated that investors can use other trading pairs available on the platform to continue trading these assets. For example, tokens such as #THETA or #XAI will continue to be traded in pairs paired with different cryptocurrencies.Warning to Investors: Stop BotsThe exchange also warned investors to disable automated trading bots as soon as possible to protect them from possible losses. Because bots continuing to work once the delisting process has begun could result in unwanted transactions.What Does the Delisting Decision Mean?Binance delisting trading pairs does not directly mean that these cryptocurrencies have been completely removed from the platform. However, liquidity will no longer be provided through the delisted trading pairs, meaning that these assets will no longer be traded on Binance against FDUSD. Delisting decisions are usually made in response to low trading volume, low liquidity, technical issues, or Binance's internal evaluation criteria.
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