U.S. Stock Market Opens with WEN Soaring Over 40% Following Serenity's Joke About Reddit Retail Traders Launching the Save Wendy's Movement

BlockBeats News, June 24th, according to Bitget market data, at the opening of the U.S. stock market, Wendy's (WEN) surged over 40%, now trading at $8.78. This comes after a more than 73% decline over the past five years.

Earlier, Serenity tweeted mocking the latest meme stock movement unfolding in the Reddit high-risk trading community, targeting the American fast food chain Wendy's. The Reddit high-risk trading community jokingly warned, "If Wendy's goes bankrupt, we will all be out of jobs, and after losing all our trades, we'll have to work behind Wendy's dumpster." Serenity later stated that they had no position, just found it amusing, and expressed uncertainty about the success of this activity.

Wendy's holds a special cultural status in the Reddit WallStreetBets community, and for years, "working behind Wendy's dumpster" has been a common self-deprecating joke among retail investors who have experienced losses.