The Nasdaq-listed company ALT5, since announcing yesterday that it raised 1.5 billion USD to buy $WLFI and became a coin stock of WLFI, saw its stock price drop by 26% overnight.
Let's take a look at the coin stock company BNC of BNB. After officially announcing the purchase of 200,000 BNB yesterday, how much did its stock price rise overnight? A direct increase of 59%. They really bought it, with real money purchasing 200,000 BNB in spot and holding it.
It can be seen that Wall Street is currently not buying into the rhetoric of Uncle Trump. This 1.5 billion USD fundraising still needs big shots like the Dubai prince and CZ to support the scene. If there aren’t more big names providing real cash to back it up, this 1.5 billion might not be raised for a while. Both institutions and retail investors are not willing to be the big fools paying for this 1.5 billion USD fundraising, naturally leading to a drop in stock prices.
Retail investors mindlessly FOMOing into WLFI, open your eyes and look at these real data points happening. Stop talking about 10 USD, 100 USD. FOMO is fine, but please use some common sense and present real data to persuade others.
The pre-market price of $WLFI on the XT exchange is 0.58 USD. The cryptocurrency circle's faith in President Trump is still relatively solid and hasn't lowered expectations due to ALT5's significant stock price drop.
Unfortunately, most retail investors in the cryptocurrency market do not have fiat currency on the scale of 1.5 billion, making it impossible to carry Uncle Trump to Nasdaq.
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