Nasdaq gaming company Snail explores the issuance of stablecoin, and the stock price rises.

[BitPush] Nasdaq-listed game publisher Snail Games (code: SNAL) announced that it is exploring the possibility of issuing a proprietary US dollar stablecoin, evaluating aspects covering technology, legal, and financial levels. To advance this plan, the company has hired a founder of a certain trading platform as an external advisor and commissioned a law firm focused on encryption to assist with compliance matters.

After the announcement, Snail's stock price rose by 20% during the session and ultimately closed up by 8%.

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OnChain_Detectivevip
· 07-17 12:34
hmmm suspicious pattern detected... another gaming corp trying to pump n dump via stablecoin hype?
Reply0
BugBountyHuntervip
· 07-16 23:37
Just pump and then dig a pit.
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RumbleValidatorvip
· 07-16 01:06
Blockchain consensus is the hard truth!
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NftMetaversePaintervip
· 07-16 01:06
just another game company fomo-ing into crypto... *yawns*
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BankruptWorkervip
· 07-16 01:06
Haha, suckers are being played for suckers!
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