Japanese company Metaplanet's market capitalization has risen 400% in two months, surpassing that of chip giants, with the short positions ratio climbing to 23%, raising questions.
[Chain News] PANews reported on June 16 that the market capitalization of the Japanese listed company Metaplanet soared nearly 400% in less than two months, taking advantage of the global Crypto Assets pump, surpassing the storage chip manufacturer Kioxia Holdings Corp. On Monday, Metaplanet's market capitalization first broke 1 trillion yen (approximately 6.9 billion USD), with its stock price continuing to rise, also surpassing chip manufacturer Screen Holdings Co. and Tokyo Metro Co. However, data shows that as of June 12, the shorting ratio of its circulating shares reached 23%, the highest among companies listed on the Tokyo Stock Exchange of similar size, reflecting market skepticism about the sustainability of the rise.
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TongJunwei
· 06-16 09:51
#DBC# Entering DBC, waiting for To da moon! On-chain projects are increasing every day, a hundredfold foundation, an absolute dark horse! Those who understand well are definitely blessed! In the crypto world, projects with cards and applications are rare! The first public chain in the AI field will soon launch on-chain innovation competitions at major universities!
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OnchainDetective
· 06-16 09:40
The 23% short positions ratio... is excessively abnormal, and this amount of inflow and outflow pattern is clearly a Whipsaw.
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TommyTeacher
· 06-16 09:37
Too many suckers, huge losses are certain.
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WalletManager
· 06-16 09:33
The Bit circle bullish market is back.
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LiquidityWizard
· 06-16 09:31
theoretically unsustainable tbh
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TokenEconomist
· 06-16 09:27
actually this is textbook market inefficiency meets crypto hype cycle
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DaoGovernanceOfficer
· 06-16 09:22
*sigh* empirically speaking, this valuation lacks fundamentals
Japanese company Metaplanet's market capitalization has risen 400% in two months, surpassing that of chip giants, with the short positions ratio climbing to 23%, raising questions.
[Chain News] PANews reported on June 16 that the market capitalization of the Japanese listed company Metaplanet soared nearly 400% in less than two months, taking advantage of the global Crypto Assets pump, surpassing the storage chip manufacturer Kioxia Holdings Corp. On Monday, Metaplanet's market capitalization first broke 1 trillion yen (approximately 6.9 billion USD), with its stock price continuing to rise, also surpassing chip manufacturer Screen Holdings Co. and Tokyo Metro Co. However, data shows that as of June 12, the shorting ratio of its circulating shares reached 23%, the highest among companies listed on the Tokyo Stock Exchange of similar size, reflecting market skepticism about the sustainability of the rise.