Since Hyperion DeFi Rebranded and Changed Its Ticker in July, Its Stock Price Has Dropped 62%
According to a report by The Information cited by Jinse Finance, some companies holding non-mainstream tokens are facing difficulties. Since Hyperion DeFi rebranded and changed its stock ticker in July, its share price has dropped by 62%. The company has a market capitalization of $30.5 million but holds nearly $60 million worth of tokens. The median return for crypto treasury stocks holding non-mainstream tokens is -24%.
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