KYN Capital Group Inc (OTCMKTS:KYNC) Stock Falls 14% In a Week On Unusual Volume
KYN Capital Group Inc (OTCMKTS:KYNC) sell-off from all-time highs gathered pace, with the stock tanking 14% last week. After starting the year on a roll, rallying by more than 2000% to all-time highs of $0.0390, the stock has come under immense pressure in recent months, shedding more than 70% in value from all-time highs.
Market Stats
On Friday, KYNC stock jumped 1.60% at $0.0068 with more than 67.14 million shares, compared to its average volume of 68.03 million shares. The stock has moved within a range of $0.0058 – 0.0068 after opening trading at $0.0067.
Recent News
KYN Capital Group is a holding company for acquisitions, entertainment blockchain, and cryptocurrencies. Currently, the company offers a contactless crypto payment gateway for businesses.
The stock fell 14% last week, just days after the confirmation that the company is partnering with PXLBRD and Terence Crawford, world champion, 37-0 Professional Boxer. The partnership paves the way for KYN Capital Group to advertise and market the boxer’s entire NFT collection.
The Terrence Crawford NFT collection that the company is to market includes five unique one-of-one NFTs. Each holder of the tokens is to become an exclusive holder to early boxing event tickets and access future E-sports Boxing club perks.
Part of the proceeds from the NFT collection is to go towards funding innovative new projects in Omaha, Nebraska, focusing on career development opportunities in eSports and technology.
Traders Corner
KYNC stock is below the 200-Day and 50-Day Moving averages of $0.0083 and $0.0123 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0107. The stock is down 40% in the past month.
