Lion Group Jumps 17.5% on Token Swap Plan as Crypto Stocks Rise
US-listed crypto-related stocks mostly opened higher on September 18, with Coinbase, Circle, and MicroStrategy seeing gains, while Helius saw a decline.
Fact Check
The evidence largely supports the statement. Multiple sources confirm that Lion Group is undertaking a 'token swap plan' involving SOL, SUI, and HYPE tokens. One source directly links this plan to a stock price gain of 'over 20%', which strongly corroborates the idea of a significant jump like the 17.5% mentioned. However, the precise '17.5%' figure is not explicitly verified in the provided text, and there is no information to support the contextual claim that 'crypto stocks rise' in general.
Summary
On September 18, US-listed crypto-related stocks showed mostly positive movement. Coinbase rose by 2.34%, Circle gained 4.02%, and MicroStrategy increased by 2.39%. Bitmine surged by 9.37%, SharpLink Gaming rose 6.25%, and Forward Industries gained 2.06% after announcing its $4 billion ATM plan. Meanwhile, Helius, a newly listed stock, dropped by 1.89%.
Terms & Concepts
- Crypto-Related Stocks: Stocks of companies whose businesses are linked to cryptocurrencies, such as exchanges, mining companies, and blockchain technology firms.
- ATM Program: A structured share issuance plan allowing a company to sell shares incrementally through an at-the-market offering to raise capital.