NAKA shares plunge 54% in a day, reinforcing investor exhaustion toward Bitcoin treasury companies
The stock peaked above $15 in late August before beginning a precipitous decline that accelerated throughout September.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
SOL climbed 5.5% over the past 24 hours to $241.84, its highest price level since Jan. 30.
Institutional inflows and collateral integrations set stage for record year end.
CryptoQuant's weekly report shows massive whale accumulation raises questions about whether new inflows can fuel the next breakout.
Despite the monthly drop, August numbers for raises from venture capital funds align with July's numbers.
Bitcoin faces mounting pressure from conflicting forces as recent buyers realize losses while earlier investors take profits.
The sudden BTC whale activity suggests profit-taking as long-term holders cash in on Bitcoin's historical gains