Dogecoin (DOGE) Statement from the Big Short Seller Company!

A company that has been described as a short seller in the market for years announced its new move and referred to Dogecoin.

Citron Research, a well-known short selling organization, announced that it will no longer short GameStop (GME). However, according to the statement, this decision is based not on the company's fundamentals, but on the institution's respect for the irrationality of the market.

Citron Research said in its statement: “Citron no longer takes a short position in GME. "This is not because we believe a turnaround in the company's fundamentals is coming, but because with $4 billion in the bank, they have enough leeway to appease their cult-like shareholders."

Despite Wedbush setting a target of $11 today, Citron explained that it chose to respect the market's irrationality. “After all, Dogecoin remains a $20 billion asset,” the institution said, pointing out the unpredictable structure of the market.

Andrew Left, founder of Citron Research, said he opened a short position on GameStop again last week, but his position was “significantly larger” compared to 2021, when he was forced to close his position after individual investors came together in online forums and staged a spectacular rally in the stock, squeezing hedge funds. He said it was low.

📈📉 #Dogecoin‬⁩ #memecoinler #Altcoins! $DOGE