CryptoQuant Warns PIPE Deals Slash Treasury Stocks Over 50%

CryptoQuant warns crypto treasury firms using PIPE financing may see their stocks slump over 50% when discounted shares hit the market after lock-up expiries. PIPE financing provides rapid liquidity but increases share count and fuels dilution. Citing examples: healthcare firm Kindly MD plunged 97% toward its $1.12 PIPE price post-lock-up; SPAC Strive’s $1.35 PIPE implies a potential 55% drop; Cantor Equity Partners could fall back to its $10 PIPE level, halving its value. Next Technology Holding’s proposed $500 million PIPE deal adds further sector concern. Traders should monitor PIPE financing terms—issuance price, lock-up periods, tranche schedules—and track upcoming expiries, comparing market prices with PIPE prices and on-chain asset valuations to manage risk.