Summary
- It was reported that KindlyMD's share price fell more than 50% due to insider selling.
- NAKA was said to be trading on the U.S. Nasdaq at $1.31, down 52.84% from the previous close.
- It said the sharp decline due to insider selling stands out as an investment risk factor.
On the 15th (local time), according to CryptoQuant's chief analyst Julio Moreno, healthcare and data company KindlyMD (ticker NAKA), which merged with Bitcoin (BTC) investment firm Nakamoto, saw its share price fall more than 50% intraday due to insider selling.
NAKA was trading at $1.31, down 52.84% from the previous close on the U.S. Nasdaq at 4:18 AM on the 16th.
JH Kim
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