STOCKS ARE COLLAPSING! 🩸 Sanergy Loses 98% In Few Hours! 👇
Sanergy Group, a Chinese graphite company, experienced a Catastrophic 98% stock price drop! Erasing approximately $2.7 billion in market value (now down to 328 million) in just few hours! This happened because the Hong Kong Securities and Futures Commission warned that a small number of shareholders controlled the majority of shares! Currently Sanergy shares are suspended from trading following this dramatic decline!
Once again, stocks pointed out their weakest side! They are not transparent! Unlike traditional stocks, blockchain technology offers a more transparent system. With blockchain, token distribution is public, allowing anyone to see who holds the most tokens!
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