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Serenity poked fun at Reddit retail investors for launching a "Save Wendy's" campaign, with WEN rallying over 20% in the overnight trading session.

3 hours ago

Crypto figure Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading community, targeting U.S. fast-food chain Wendy’s. According to Bitget market data, Wendy’s (WEN) surged over 20% in its night trading session. The Reddit community joked in a meme: “If Wendy’s goes bankrupt, we’ll all be out of jobs, and after losing all our money in trades, we’ll have to work behind Wendy’s trash bins.” Serenity later clarified that he holds no positions, just found the situation amusing, adding, “I wonder if this campaign will succeed?” Wendy’s holds a special cultural status on Reddit’s WallStreetBets community; for years, “working behind Wendy’s trash bins” has been a running meme among retail investors to mock their trading losses.

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South Korean stocks closed up over 3%, with Samsung Electronics gaining nearly 10%.

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