Shares of Opendoor Technologies (OPEN) surge 170% in five days, labeled meme stock by Reddit’s WallStreetBets. Trading volumes skyrocket, with shares up 500% in 30 days to $3.11. Daily trading volumes spike to five times the average, with 1.9 billion shares exchanged on Monday alone.

WallStreetBets subreddit, with 19 million members, fuels meme stock frenzy. GameStop’s meteoric rise saved from bankruptcy, now holding 4,710 BTC. Opendoor gains traction among meme stock favorites, posting $1.2 billion revenue in Q1 with $99 million gross profit.

Meme stock mania coincides with US stock market and crypto rally. Market driven by investor optimism, easing inflation, and interest rate cut expectations. Bitcoin’s momentum fueled by institutional investors with a long-term view. Stocks and crypto markets track global M2 money supply closely.

Read more at Cointelegraph: Opendoor Stock Soars 500% Amid Meme Stock Revival and Crypto Surge