Market Enthusiasm Drives Significant Stock Debut
Moore Threads Technology Co.'s stock surged nearly 470% on its debut on the Sci-Tech Innovation Board, reflecting strong market enthusiasm in Shanghai. This significant surge highlights investor interest in the semiconductor and AI hardware firm.
Resurfaced Allegations and Market Resilience
Despite the absence of Li Feng as an official executive, past controversies linked to him in the cryptocurrency industry have resurfaced. These allegations, including his alleged connection to the "Malle Go Coin (MGD)" ICO of 2017, which reportedly raised about 5,000 ETH, and an alleged unpaid 1,500 BTC loan from 2014, remain unverified through primary sources. While secondary media have circulated these claims widely, regulatory bodies have not imposed any public sanctions due to the lack of primary confirmation. Nevertheless, Moore Threads' stock performance demonstrated robust market confidence, with market values exceeding 300 billion yuan.
Zhang Jianzhong, CEO of Moore Threads Technology Co., remarked, "The over 400% jump in our stock reflects strong investor confidence in our future growth as we lead the charge in AI hardware."
Unverified Claims Fail to Sway Market Sentiment
Li Feng's alleged 2014 BTC loan controversy, which remains unresolved, highlights the legal complexities of cross-border virtual asset agreements in the early crypto era. Experts suggest that these unverified controversies do not seem to affect the recent performance of related markets. The lack of primary source verification emphasizes the unpredictability of market reactions tied to alleged disruptions, signaling a complex relationship between market trends and historical anomalies.
Ethereum Market Performance Overview
According to market data, Ethereum (ETH) trades at $3,120.04 with a market cap of $376.57 billion, dominating 12.16% of the market. Its 24-hour trading volume is $18.18 billion, displaying a 2.54% price increase despite a 9.96% dip over the last 30 days.
