Sunrise Lists $GPRO as Meme/Stock Short Squeeze Meta Gains Momentum

Sunrise has been on a tear in recent weeks, listing everything from bluechip stocks like Eli Lilly ($LLY) and Marvell ($MRVL) to hotly-traded tokens from rival networks like Robinhood’s $PONS.

But Sunrise’s next listing comes as TradFi’s retail crowd eyes up what could be the biggest short squeeze since the Roaring Kitty Gamestop saga. However, unlike the legendary $GME run of 2021, this time around could be driven by reflexive flows stemming from Solana’s memecoin economy.

Meanwhile, xStocks has answered the prayers of Solana’s global trading community, confirming the upcoming deployment of assets from the London Stock Exchange in the onchain economy.

$GPRO Hits Solana as Degens Line Up Short Squeeze

After its surprise listing of $PONS, a Robinhood-based launchpad, Sunrise is back to bringing the world’s most popularly-traded assets to Solana DeFi. Next on the list is $GPRO, the public stock of the iconic action camera manufacturer.

Sunrise’s timing aligns with what markets are calling the second coming of Roaring Kitty’s infamous Gamestop short squeeze in 2021. After a difficult few years for GoPro, which saw its publicly traded stock plummet over 95% since 2021, animal spirits of retail finance are taking aim at the $GPRO bears.

This time around, the main character leading the squeeze is YouTube Finfluencer Markiplier, who has reportedly acquired an 8.5% stake in the company. Markiplier’s antics appear to have opened the floodgates among his followers and other retail traders, pushing $GPRO up over 20% in the session.

However, Markiplier’s supposed squeeze, and its coincidental Sunrise DeFi listing, has hit a snag. 

Amidst the market theatrics, GoPro announced its acquisition by Starman Optical, Inc, who intends to expand the firm’s practices across AI Data Center, government, defense and aerospace markets. 

According to the press release, the company will remain publicly listed on NASDAQ.

xStocks Brings the London Stock Exchange Onchain

While Sunrise contends with unexpected market halts, YouTube influencer takeover attempts, and the minutiae of corporate acquisitions, Solana’s OG tokenized equity issuer is broadening the network’s offerings.

After spearheading tokenized stock deployments across Solana DeFi, xStocks is bringing the London Stock Exchange onchain. In the coming weeks, onchain traders will gain access to 100 new assets, including LSE giants like HSBC Holdings, Shell, and Astrazeneca.

Earlier this year, xStocks announced wider plans to tokenize a far broader range of RWAs, including assets from markets in Hong Kong, Europe, and South Korea. By delivering on its promise to bring LSE onchain, anticipation and excitement is building for future xStocks  

listings, bringing global markets to Solana DeFi.

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