Top meme stocks to watch in 2025

What are meme stocks?

Meme stocks are shares that gain rapid popularity on social media platforms like Reddit, X (formerly Twitter), TikTok, or Discord - usually driven more by online hype than by fundamentals.

These stocks often become trending topics due to:

• Retail traders piling in to drive up prices
• Viral memes, videos or influencer shoutouts
• Strong communities like WallStreetBets coordinating trades

The most famous examples include GameStop (GME) and AMC Entertainment (AMC), but in 2025, new meme stocks continue to pop up across tech, AI, and even biotech.

Why do meme stocks move so rapidly?

Meme stocks are known for their massive spikes and equally sharp drops. A few key reasons:

1. High short interest
 

When a stock is heavily shorted and starts rising, short sellers may rush to cover their positions - triggering a short squeeze. This creates sudden buying pressure and pushes prices even higher.

2. Low float
 

Meme stocks often have a low number of shares available to trade, so even small surges in demand can cause large price swings.

3. Herd behaviour
 

FOMO (fear of missing out), hype cycles and viral content can create self-reinforcing price rallies, often detached from company performance.

What makes a stock go viral?

There's no guaranteed formula, but meme stocks often share these traits:

• A compelling story: Turnaround potential, disruption, or simply a David vs Goliath narrative (eg: retail vs hedge funds)
• Social media buzz: Trending hashtags, TikTok breakdowns or Reddit threads
• Cult-like investor base: Online communities that view the stock as a movement or inside joke
• Cheap share price: Traders love “cheap” stocks under $10, even if the market cap is high

Risks of trading and investing in meme stocks

While meme stocks can offer explosive opportunities, they come with significant risk, especially for inexperienced traders.

1. Volatility

Meme stocks can swing 30–50%+ in a single day, sometimes with no news at all.

2. Liquidity traps

Fast in, slow out - thin order books or halted trading can make it hard to exit at a good price.

3. Hype over fundamentals

Many meme stocks are unprofitable or struggling companies. Prices often disconnect from earnings or growth potential.

4. Emotional trading

Online communities can drive herd behaviour and encourage risky trades. It’s easy to get swept up in the crowd and abandon your strategy.

Top 5 meme stocks to watch

1. Opendoor Technologies Inc (NASDAQ: OPEN)

Industry: Real estate

Market cap: US$2.3 billion

The company: Opendoor Technologies is a residential real estate transaction digital platform that uses algorithmic pricing to purchase and resell homes directly. 

Technical indicators: OPEN shares surged as much as 260% in July 2025, seemingly coming out of nowhere as part of a stock frenzy hyped up by retail investors online. The stock then fell by 40% following its 21 July 2025 peak, before rallying again. Short interest represented 21% of Opendoor’s entire float as of August 2025 (values above 20% are typically considered ‘very high’). On 21 July 2025, the stock’s trading volume hit a high of 1.9 billion shares, more than 10 times its historical average daily trading volume. 

Financial performance: The US company reported second quarter (Q2 2025) revenue of US$1.6 billion, up by 4% year-over-year (YoY). Net losses came in at US$29 million during the quarter, though improved from a loss of US$92 million in the same quarter a year prior. 

Risk assessment: The company operates in a capital-intensive business model vulnerable to interest rate changes and housing market cycles. Opendoor had also been considering a reverse stock split to avoid delisting before the recent rally. 

2. Krispy Kreme Inc (NASDAQ: DNUT)
 

Industry: Food & Beverage

Market cap: US$600 million

The company: Krispy Kreme is a branded retailer and wholesaler of premium-quality doughnuts, coffee and other complementary products. The company operates a global network of company-owned stores, franchised locations, and points of access including grocery and convenience stores.

Technical indicators: Krispy Kreme shares jumped up as much as 76% during this latest ‘meme stock mania’, following a period of relative price softness. DNUT’s share price has since corrected back to pre-mania levels. Short interest stood at 28% in August 2025. On a 52-week basis, the stock is down by over 65% from a high of US$12.67. 

Financial performance: The company reported Q2 2025 net revenue of US$379.8 million, down by 13.5% YoY. GAAP net loss widened to US$441.1 million from US$4.9 million a year prior. 

Risk assessment: In May, Krispy Kreme also withheld its guidance for 2025, following the suspension of its partnership with McDonald’s. Analysts quickly lowered their DNUT ratings following the announcement, citing a loss of confidence in management’s ability to execute previously stated strategies and initiatives. 

3. GoPro Inc. (NASDAQ: GPRO)
 

Industry: Consumer electronics

Market cap: US$200 million

The company: GoPro is a branded developer and manufacturer of mountable and wearable action cameras and accessories. The company designs and markets cameras, software applications and related accessories for content creation and sharing.

Technical indicators: GoPro shares are currently trading at US$1.35. The stock soared as much as 203% during the latest meme stock bull run. GPRO saw daily trading volume surge to 253 million shares at the height of its rally on 23 July 2025, up from around two million shares prior to the rally. GPRO had a short interest of 11.3% in August 2025. 

Financial performance: Q2 2025 revenue reached the high end of guidance with GoPro.com channel revenue at $41 million, but still down by 16% YoY. Operating expenses were reduced by 32% YoY, the highest gross margin since Q3 2022. GoPro subscriber count ended Q2 at 2.45 million, down 3% YoY.

Risk assessment: CEO Nicholas Woodman stated the company is "on a path to return to growth and profitability in 2026" following a "plan to reduce operating expenses for 2025 by nearly 30%". However, the company faces a declining action camera market and increased competition from Chinese manufacturers. 

4. Beyond Meat Inc. (NASDAQ: BYND)

Industry: Plant-based food products

Market cap: US$200 million

The company: Beyond Meat develops and manufactures plant-based meat products designed to replicate the taste, texture and cooking properties of animal protein. The company sells its products through retail channels and foodservice outlets globally.

Technical indicators: BYND shares rallied by nearly 50% to a high of US$4.82 during the latest meme stock rally. Despite the recent interest, the stock has plummeted over 94% from its peak market cap of US$3.82 billion in May 2019. Market cap declined by 58% in the past year alone. Short interest stood at an exceptional 38.5% of Beyond Meat’s entire float in mid-August 2025.

Financial performance: Q2 2025 net revenues declined 19.6% YoY to US$75 million, missing analyst expectations of $83.75 million. Net loss narrowed to $29.24 million from $34.48 million in Q2 2024, though EPS of -$0.40 still missed the -$0.38 forecast. 

Risk assessment: The company approved a reduction-in-force plan affecting approximately 44 employees as part of ongoing restructuring efforts. Management expects only -2% to +3% net revenue growth in FY2025, indicating limited near-term recovery prospects amid persistent weakness in US retail demand.

5. Kohl's Corporation (NYSE: KSS)

Industry: Retail

Market cap: US$1.54 billion

The company: Kohl's is a US specialty department store offering moderately-priced private and national brand apparel, shoes, accessories, beauty and home products. The company operates over 1,100 stores across 49 states.

Technical indicators: Kohl’s shares experienced significant volatility, with trading halted due to an 87% surge to US$19.75 on 22 July 2025 before correcting back down. The stock is currently trading around $13.50, still down by roughly 40% from its 52-week high. Short interest on KSS shares stood at 32.3% in mid-August 2025.

Financial performance: Q1 2025 results showed net sales decreased 4.1% YoY with comparable sales down by 3.9%, though gross margin improved 37 basis points. The company reported a diluted loss per share of $0.13. Management affirmed its full year 2025 financial outlook despite ongoing headwinds.

Risk assessment: Interim CEO Michael Bender stated that he is "honored to assume the role" during this transitional period of the company’s history. He added that Kohl’s first quarter performance was ‘ahead’ of expectations. For the full year, Kohl’s expects a decline in net sales of between 5% and 7%, alongside a diluted earnings per share in the range of US$0.10 to US$0.60.

How to trade and invest in meme stocks with IG Singapore

CFD share trading
 

1. Create a live or demo account
2. Find an opportunity among one of our 10,000+ stocks with our  stock screener
3. Click ‘buy’ to go long or ‘sell’ to short
4. Set your position size
5. Take steps to manage your risk
6. Open and monitor your position

Investing
 

1. Open an account via IG Markets Singapore app
2. Search for meme stocks on the app
3. Choose the shares you want to buy
4. Determine how many shares you want to purchase
5. Place your order
6. Monitor your investment and collect any dividends

FAQs about meme stocks