The day of reckoning for the r/WallStreetBet crowds is nearing. Perhaps it's already here. They forget that every post they make is being actively followed, chewed up and analyzed by AI. I doubt they will be able to flex their muscles again with their meme stocks once the Wall Street "figures them out".
This kind of strategy should diminish itself as the majority will loose with those jump ins into hot stocks. When the losses are severe for everyone no one will follow those boards anymore, except some new fresh money comes in to be burned then soon too.
In retrospect, it is the most obvious clear signal of a super bubble. Maybe ever? I can't honestly think of an event from market history that is on that level of divorced from reality and stupid. It wouldn't be shocking at all in 10-20 years it is viewed as the 21st century version of the shoe shine boy giving stock tips during the bubble.