So memecoin $tulip tied 1:1 to $flws (1800flowers) went to 2.5m mcap on Sunday and pre market the stock was up 10%. The goal was to squeeze the stock.
My question is what if had went to $250million? More than the company is worth now. Not an unheard of number for meme coins. Would the stock be up 100%? More?
What are the mechanics here? Is it worthless or is it something real that could drive squeezes?