Corporate Insider Buys MicroStrategy Stock, While NYC Token Suffers Rug-Pull
Corporate Insider Buys MicroStrategy Stock, While NYC Token Suffers Rug-Pull
In recent crypto-adjacent news, Carl Rickertsen, a director at MicroStrategy, made his first insider purchase of MSTR stock in over three years, signaling a potential shift in corporate sentiment. Separately, the 'NYC Token,' previously endorsed by former NYC Mayor Eric Adams, was subjected to a rug-pull shortly after his public support, leading to investor losses.
Corporate Insider Buys MSTR Stock
Carl Rickertsen, a member of the board of directors for MicroStrategy (MSTR), has filed his first insider purchase of MSTR shares in over three years. This move is significant given his previous history of selling shares and could indicate renewed confidence in the company, which is a major holder of Bitcoin.
NYC Token Rug-Pull Scandal Unfolds
Former New York City Mayor Eric Adams had publicly announced his support for the 'NYC Token.' Tragically, just minutes after his endorsement, the token was rug-pulled, resulting in the sudden devaluation of the asset and significant financial losses for its investors. This incident highlights the inherent risks associated with newer, less established tokens and influencer endorsements.