Stackchain, a popular trend that happened in 2021/2022, when a bunch of midwits started posting $25 Bitcoin buy screenshots on Twitter, has been coopted by a LGBTQ activist group called "Pump Gay Bags Only." The group PGBO was founded to try and manipulate stocks of companies that promote a LGBTQ agenda such as Bud Light, Target, and more.
#Stackchain has been trending on twitter for 48 hours as the group seems to have successfully initiated a short squeeze on Bud Light and Target stocks. Both stocks are up 20% over the last two days and the group claims this rally is only getting started. Last week, there had been questions on the long term relevancy of Bud Light stock as the buyer boycott continues.
Stackchainers were livid as they watched both stocks moon, while they held Bitcoin which remained flat in price. "We tried to initiate a short squeeze on Bitcoin and then a bunch of **** come in and do it successfully with the gayest companies in America. This is bullshit," said a prominent stacker.
With this story, the stackchain as we once knew it may now be dead, but rest assured, there will be some other stupid meme propagated next cycle.