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Penny Stocks Try—and Fail—to Hijack Crypto’s Momentum

Penny Stocks Try—and Fail—to Hijack Crypto’s Momentum

Coindesk
Author:
Coindesk
Release Time:
2025-05-12 20:15:47
0

Penny Stocks Attempt to Ride Crypto’s Coattails

Microcap stocks are desperately rebranding as ’blockchain plays’—because nothing pumps a failing ticker like crypto buzzwords.

These OTC gamblers are slapping ’decentralized’ and ’tokenized’ on press releases, hoping retail traders won’t notice their balance sheets look like abandoned ICO whitepapers.

Meanwhile, Bitcoin’s actual adoption curve keeps leaving these penny-stock charlatans in the dust—proving yet again that imitation is the sincerest form of flattery in finance’s grift economy.

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