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CryptoQuant.com
CryptoQuant.com|Sep 25, 2025 16:17
From 35 to 1: PIPE deals are crushing Bitcoin treasury stocks. Kindly MD (NAKA) soared 18.5x in weeks, then fell 97%, back to its 1.12 PIPE price. PIPE price gravity is brutal. (CryptoQuant.com)
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