With the collapse of multiple stablecoins over the past year, many crypto investors have been searching for a safe place to store their money.
Recently Costco’s CEO told the press that he would not be increasing the price of the Costco hotdog and soda combo, stating, “In an environment of collapsing trust amongst stablecoins, we must continue to offer degens and normies alike a safe haven for their money”.
Costco’s stock rose 6.9% in the first 4 minutes and 20 seconds of the market opening on Monday following the news.
While most investors are thrilled to hear the news about the stable price of the hotdog and soda combo, some individuals have voiced concerns on the matter. Their criticism is that the hotdog and soda combo can’t be seen as “sound money” due to the fact that there isn’t anything backing it.
Despite these concerns by mostly Sam’s Club members, the majority of investors seem to be flocking to the Costco hotdog and soda combo in droves.









