Robinhood Stock Tokens Fueled a $440 Million Memecoin Frenzy

(Bloomberg) -- Low Ze Sheng has spent the past two years trading memecoins, chasing the jokes and bursts of attention that can send a token soaring before the crowd moves on. Most Read from Bloomberg Apple Is Finally Ready to Enter Its Next Big Category: the Smart Home Health Insurers Ditch Medicare Advantage Plans to Boost Profit Angry Bondholders Flood Wall Street With Complaints on Paramount Losses Google Grapples With Employee Skepticism About New Gemini 4 Apple's New CEO Seeks to Make Company Run Faster and Leaner Usually, he buys them with cryptocurrencies such as Ether or Solana. Robinhood Markets Inc.