DUMB MONEY β a real story from Robinhood life!
In 2021, major hedge funds Melvin Capital and Citadel aggressively shorted GameStop shares, confident that the company would soon die. In response, retail traders from Robinhood and Reddit began massively buying the shares, forcing the hedge funds to close their short positions at huge losses. It was then that the funds contemptuously called them "Dumb Money". In the end, Dumb Money defeated Wall Street.
Now this legendary meme has been launched on the Robinhood blockchain and is forever sealed in history.