$WULF / Tokenized stocks — look at official on-chain data, not the headline.
Token: WULFon | Underlying stock: WULF
On-chain price: $15.40 (24h +6.27%)
Number of holding addresses: 114 | US stock market cap: $7,682,746,959
P/E ratio: - | Dividend yield: 0.00%
52-week range: $10.43 - $29.84
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are updated in a timely way, the on-chain price should have very little premium/discount versus the underlying stock — that’s exactly what this structure is for. I’ll watch whether the on-chain price tracks the stock.
Is tokenization of the stock a good idea, or do you think it’s still just hype?👇
#WULF
Token: WULFon | Underlying stock: WULF
On-chain price: $15.40 (24h +6.27%)
Number of holding addresses: 114 | US stock market cap: $7,682,746,959
P/E ratio: - | Dividend yield: 0.00%
52-week range: $10.43 - $29.84
Status: premarket
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody certificates are updated in a timely way, the on-chain price should have very little premium/discount versus the underlying stock — that’s exactly what this structure is for. I’ll watch whether the on-chain price tracks the stock.
Is tokenization of the stock a good idea, or do you think it’s still just hype?👇
#WULF