---
title: Opendoor is the market’s latest Meme Stock w/insane trading volumes.
description: "Shares of the San Francisco-based tech group that focuses on the stagnant real estate sector have nearly tripled in value over the past week. The rally appears to have been sparked by a prominent investor discussing the stock on social media, which drew the attention of retail traders.\nThe company has struggled since peaking at a $20.6bn valuation in February 2021, shortly after merging with the SPAC (special purpose acquisition company) Social Capital Hedosophia Holdings Corp II, led by Chamath Palihapitiya.\nThat decline isn’t surprising: Opendoor’s core business is in the \"instant buyer\" market, where it aims to make home sales faster and bypass traditional realtor fees—an idea that has faced serious challenges in a cooling housing market. \nYesterday was a roller-coaster, with the stock declining -40% in the last hour of trading after being up more than 67% intraday...\nSource: HolgerZ"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Opendoor is the market’s latest Meme Stock w/insane trading volumes.](https://blog.syzgroup.com/syz-the-moment/opendoor-is-the-markets-latest-meme-stock-w/insane-trading-volumes)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 22, 2025, 2:03:04 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/opendoor-is-the-markets-latest-meme-stock-w/insane-trading-volumes)

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