$WULF / Tokenized stocks—look at the official on-chain data, not the headline.
Token: WULFon | Underlying stock: WULF
On-chain price: $17.44 (24h +2.54%)
Number of holding addresses: 110 | U.S. stock market cap: $8,701,360,078
P/E ratio: - | Dividend yield: 0.00%
52-week range: $10.43 - $29.84
Status: overnight
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody receipts are issued in a timely manner, the on-chain price should have only a small premium/discount to the underlying—this is exactly the point of this structure. I’ll keep an eye on whether the on-chain price tracks the stock.
Do you think tokenizing stocks is promising, or is it still just hype?👇
#WULF
Token: WULFon | Underlying stock: WULF
On-chain price: $17.44 (24h +2.54%)
Number of holding addresses: 110 | U.S. stock market cap: $8,701,360,078
P/E ratio: - | Dividend yield: 0.00%
52-week range: $10.43 - $29.84
Status: overnight
My take: Tokenized stocks wrap real stocks onto the blockchain. As long as custody receipts are issued in a timely manner, the on-chain price should have only a small premium/discount to the underlying—this is exactly the point of this structure. I’ll keep an eye on whether the on-chain price tracks the stock.
Do you think tokenizing stocks is promising, or is it still just hype?👇
#WULF