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Meme stocks are fading as retail traders rotate into cryptocurrencies and the metaverse, trading fintech CEO says

1 day ago   |   By Business Insider

SOPA Images/Getty Images SOPA Images/Getty Images
Meme stocks came onto the stage in 2021 as retail traders drove massive rallies in some names.
The trend may be fading though, as retail traders rotate into cryptocurrencies.
Crypto regulation will legitimize the asset class and lead to further adoption among retail investors.
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One year since GameStop started it all, the meme stock craze is fading. Last January, millions of retail traders banded together to drive eye-popping rallies in highly shorted, nostalgic...
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