The firm said it is “ripping the band-aid off” by allowing early investors to sell shares ahead of schedule.
Pantera-Backed Solana Company Brings Forward PIPE Unlock as Stock Price Plunges 60%
The firm said it is "ripping the band-aid off" by allowing early investors to sell shares ahead of schedule.
Shares:
The sell-off was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined.
The credit agency highlighted concerns over operational fragility, blockchain vulnerabilities and patchy regulation.
The U.S.-listed spot bitcoin ETFs saw a record $40 billion in trading volume last week, with IBIT leading the way.
Tokenization of assets could save significant costs for asset managers and issuers, driving broader adoption, the report noted.