The phrase “apes together strong” comes from the movieRise of the Planet of the Apes,a declaration of strength in numbers. Ten years later it became the rallying cry for the small retail traders of /r/WallStreetBets, who sought to use their own strength in numbers to change the markets. In particular, this catchphrase came to represent the meme stock trading craze, which was all about manipulating the prices of certain stocks to punish hedge funds and investment firms that seemed to the community to be exploiting the misfortune of struggling companies. This populist mentality is represented in jaunty artwork on the Antique Apes Together Strong 1 oz Silver Round.
The Wall Street Bets Apes Together Silver Round marks the truly distinctive 21st-century meme trading craze with fun and irreverent artwork and design in pure silver, with a gorgeous antique finish that brings out the details. Provident Metals ships these rounds individually in a protective blistercard that includes a Certificate of Authenticity.
A little boy wearing sunglasses and carrying large diamonds in each hand rides a symbolic rocket on the round’s face, representing the “little guy” trader soaring to riches through the meme trading craze. He’s accompanied by the inscriptions “Apes Together Strong” and “/r/WallStreetBets.”
The infamous GameStop short squeeze introduced the world to the “meme trading” craze in 2021. It was an attempt to rally the collective power of the small individual trader in a populist cause, aimed at punishing big firms and hedge funds who were short-selling the stocks of struggling companies. Starting out as an effort to rescue a video game company with a nostalgic appeal to the Reddit community, it grew into a lengthy exercise in testing just how long the artificial rally could be sustained. Through smartphone trading apps like Robinhood, the retail traders were a key part of pushing GameStop stock to more than thirty times its starting value. Leading to widespread controversy and even a congressional hearing, this was the beginning of a phenomenon that continues to make waves today.
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|Certificate of Authenticity
|1 Troy Ounce
|Orders over $199 Ship Free
|7 x 3 x 0.3
|Apes Together Strong