Baiya International surged over 55% today, but the fundamental support for this rise is weak—the company's pivot to the Web3/DeFi/stablecoin track (including the Starfish acquisition and the UpTop.Meme platform) had already been announced previously. Today's move is more a concentrated release of retail sentiment.
The trading volume is abnormally high, and the market cap remains extremely small, typical characteristics of an emotional overshoot. Participating in these small-cap, event-driven plays requires extremely fast entry and exit speeds. The opening gap after T+1 is often the most dangerous position.
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