WULF is trading at $24.77 (-6.18%) on a sharp intraday selloff as investors take profits following a significant late-May rally.
- The stock had previously surged with gains of +10.34% on May 26 and +6.20% on May 27, leaving it vulnerable to a technical pullback.
- A downturn in crypto sentiment is providing additional headwinds, with Bitcoin and Ethereum down 0.92% and 1.29% respectively.
- The move appears isolated to the crypto-mining sector, as broader market benchmarks are currently trending slightly higher.