Stock-Tracking Tokens Debut With Price Chaos, Amazon Token Spikes 100x

Slashdot
By msmashJul 16, 2025, 11:22 am151 pts
Digital tokens designed to track popular stocks have suffered extreme price deviations since launching two weeks ago, with an Amazon-tracking token briefly spiking to more than 100 times the underlying stock's closing price. The token AMZNX hit $23,781.22 on crypto trading platform Jupiter on July 3, while…

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