If that’s not the textbook image of rats leaving a sinking ship, I don’t know what is. “Fuck you. Got mine!”
The price pump that conveniently happened immediately after release sure was nice for Pig Boy Huffman, wasn’t it.
Data on short positions become available tomorrow (April 9th) as referenced in this article so the roller coaster is only just getting started. It’s gonna get wild once the market realizes what a house of cards Reddit is built on.
I dislike reddit as much as the next scorned ex-redditor, but I can’t really blame them here, regardless of what state reddit is in. if things are going downhill, obviously selling while they can makes sense. And if things are looking good, why not sell now anyway and have some actual money to spend, rather than just holding onto the Monopoly money in case it’s worth more later? It’s still more than enough money for them to be able to live comfortably for the rest of their lives.