Industry insiders: Some stablecoin concept stocks are overheated in short-term speculation and need to pay attention to the risk of pullback

In recent days, the stock prices of several listed companies in the Hong Kong stock market have surged due to their involvement in the concept of "stablecoins". On July 10th, during the trading session, the Hong Kong stock market's Puxing Energy surged by over 280%. The company previously announced that it has subscribed to Series A preferred shares issued by HashKey Holdings, which focuses on investing in blockchain technology, global asset management of digital assets, and providing compliant digital asset over-the-counter trading services. At the same time, another Hong Kong stock that experienced fluctuations was Delin Holdings, which rose over 70% in early trading. The reason for the rise in the company's stock price is also related to digital currencies. Delin Holdings announced after hours yesterday that it plans to tokenize assets with an overall value of up to HKD 500 million. However, some industry insiders remind that some stablecoin concept stocks are overheated in short-term speculation and need to pay attention to the risk of correction. (People's Financial News)