RFK Jr. Invests $24,000 in GameStop, Courting Meme Stock Investors
Independent presidential candidate Robert F. Kennedy Jr. wants to win over all the anti-establishment voters.
In a bid to demonstrate his support for retail investors whom he referred to as the “Ape retail rebellion,” in their battle against large institutional funds, Kennedy Jr. announced on Tuesday that he had invested $24,000 in the meme stock GameStop (NYSE: GME).
The announcement comes amid a revival of the meme stock phenomenon, which first gained attention in 2021 when retail investors, dubbing themselves “apes,” helped trigger massive rallies in the shares of struggling companies like GameStop and AMC (NYSE: AMC). The recent resurgence was sparked by the reappearance of “Roaring Kitty,” the influential figure behind the original GameStop frenzy.
Kennedy Jr.’s campaign, which has been actively targeting undecided voters with a fringe political brand, sees the meme stock movement as a potential source of support. Last month, Kennedy Jr. vowed to put the “entire US budget on blockchain.”
He isn’t the only one. President Trump’s campaign announced that it would begin accepting cryptocurrency donations. The Trump campaign characterized the decision as a reflection of the president’s commitment to “freedom over socialistic government control.”
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