BiyaPay Analyst: US stock Beyond Meat skyrocketed 6 times in three days, with a speculation heat comparable to encryption MM coin.

BlockBeats news, on October 22, Beyond Meat (BYND.US), known for its plant-based meat substitutes, recently staged a strong “meme stock revival” trend. After a big pump of 127% on Monday, it skyrocketed over 146% again on Tuesday, setting a record for the largest single-day rise in history, with a cumulative rise of 600% over three days, comparable to the trend of “MM coins” in the crypto market. On the news front, Roundhill Investment Company announced the inclusion of Beyond Meat in its thematic ETF - Roundhill Meme Stock ETF (MEME), and reached a nationwide distribution agreement with Walmart, driving the continuous big pump in stock prices. Previously, Beyond Meat's stock price had once fallen below 0.5 USD, becoming a “penny stock”, but this round of big pump has brought it back into the market spotlight. Analysts believe this big pump may be related to short positions being squeezed, as over 63% of its tradable shares were sold short. BiyaPay analysts point out that such “meme stock” trends are often driven by emotions, with high volatility and extreme risks. Investors can use USDT through BiyaPay to trade US stocks, Hong Kong stocks, and futures, taking advantage of zero transaction fees (Maker) on USDT spot and contracts to flexibly allocate and conduct arbitrage operations in a high-volatility market.