Will NASDAQ Delisting Kill BNB Price Breakout?

Is the price of BNB dead? Windtree Therapeutics (Wint) shares collapsed by 77% Wednesday after Nasdaq confirmed that it will suspend the title not to meet the minimum offer requirements.

Windtree only recently made the titles with a BNB logoBNB ▲ 2.19% Treasury strategy announced in July. The plan provided for an agreement from $ 60 million with Build and Build Corp., in addition to the options for other $ 140 million, making it one of the first companies listed in the United States to spin heavily in the native token of Binance.

The stock has closed at $ 0.11, down more than 99% since the beginning of the year, according to Yahoo Finance.

Binance coin
Price
Market capitalization
BNB
$ 125.66b
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The BNB Price casino claims another victim

At the time, the shares increased by over 30%, but the rally quickly reversed. Within a few weeks, Windtree shares have lost over 90%, canceling almost all the trust of investors.

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The company also revealed a 500 million dollar share line with an unnamed institutional investor, as well as a separated pact of $ 20 million with Build and Build Corp. To buy more BNB. However, Windtree has not revealed how much BNB currently holds or if it plans to continue the strategy after being forced to leave the Nasdaq.

Windtree’s decay is the last caution of caution for companies that bet on the titles of digital resources. The model, once launched as a way to add resilience, has instead left several companies overexposed on the recessions of cryptocurrencies. Sharplink, with Ethereum reserves, recently recorded steep losses under the same pressure.

Defillama figures suggest that the problem is systemic: when the tokens follow, followed by the treasure total follow. Windtree’s dependence on BNB Holdings meant that its budget had been hit at the same time investors were downloading its actions.

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Now that Windtree is dead, what is the next?

Ironically, while Windtree slipped in suspension, Bnb was establishing his records, gathering 5.6% at $ 876.26. The wider cryptocurrency market had bounced from the minimum of two weeks, but the earnings never translated into the Windtree budget.

The division underlines a hard truth that companies related to cryptographic resources do not automatically increase with tokens that hold if investors have already lost confidence in the business model.

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  • Is the price of BNB dead? Windtree Therapeutics (Wint) shares collapsed by 77% Wednesday after Nasdaq confirmed that it will suspend the title.

  • Ironically, while Windtree slipped in suspension, Bnb was establishing record, gathering 5.6% at $ 876.26.

The post Nasdaq delisting Kill Bnb Price Breakout? He appeared first out of 99bitcoin.

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