COIN stock is among the top 25 discussion topics on Reddit group WallStreetBets. Reddit traders have been instrumental in pumping up several stocks, especially GameStop and AMC Entertainment. Both of the stocks trade way above what Wall Street analysts think they are worth.
A post on WallStreetBets, which was upvoted 1,600 times, talked about the outage on Coinbase amid the volatility in cryptocurrencies. A user comment on the IPO thread talked about Wood buying COIN stock and expressed optimism about the stock’s outlook. Another user commented that they are waiting to buy the stock below $250. Thanks to the recent crash, Coinbase stock now trades way below $250, which could be tempting for many buyers.