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This Penny Stock Is Surging Big Time on a Tie-Up With Faraday Future and a Push Into Crypto. Should You Buy Its Shares Here?
Yahoo Finance· 2025-09-23 14:00
Core Insights - Qualigen Therapeutics (QLGN) shares experienced a significant surge of approximately 200% after securing a $41 million investment from Faraday Future (FFAI) and its founder YT Jia, indicating strong investor enthusiasm for the company's rebranding to CXC10 and its pivot into crypto-Web3 [1][3] - Despite the initial spike, QLGN shares have since retraced much of the gains but remain up nearly 190% from year-to-date lows [2] - The partnership with Faraday, which holds a 55% stake and Jia's additional 7% under a two-year lockup, adds credibility and potential for growth to the newly rebranded CXC10 [3] Financial and Strategic Overview - The pivot towards crypto and Web3 introduces speculative upside, particularly with early gains from the C10 treasury and the promise of AI-driven trading via BesTrade [4] - The transition represents a significant departure from the company's biotech origins, raising concerns about execution and long-term viability [4][5] - Qualigen Therapeutics has a history of operating losses, limited revenue, and a strained balance sheet, which could lead to dilution risks [5][6] Valuation and Market Position - Valuation remains challenging due to the lack of proven product-market fit in the crypto space, with only a 7% gain on its treasury being inconclusive [6] - Regulatory uncertainty, execution risk, and speculative elements contribute to the perception of QLGN stock as a high-risk investment [6]
X @Easy
Easy· 2025-09-02 16:35
1 MILLION Transactions Per SecondSub Second FinalityLess than a penny for Fees&& the chain is officially live.@Somnia_Network main net just went live.Their Devnet saw 3 BILLION transactions, over 60+ validators, and 70 active projects already in the works, but now the real fun is beginning.For those that feel like they have missed out on the opportunity?I don't think you have at all.- $35,000 USDC is up for grabs, each month, in their YapStorm.- Airdrop's + ecosystem rewards, with ongoing community initiati ...