TechFlow news, June 10 — According to Jinshi Data, Jinshi Technology announced that the company has noted heightened market interest in the stablecoin concept recently. In January 2025, the company signed a "Framework Agreement on Cooperation" with Ant Digital Technologies regarding new energy business areas; however, the cooperation model is still under exploration and no substantive business has commenced yet. The company is currently not engaged in any operations related to the stablecoin concept. The company's stock has hit the daily trading limit for six consecutive trading sessions since June 3, with a cumulative price increase of 76.51% and a turnover rate as high as 29%. Recently, the stock price has risen sharply, accompanied by a significant surge in turnover rate and trading volume, far exceeding previous levels. The short-term gains have severely deviated from the Shenzhen Component Index over the same period, exhibiting prominent signs of irrational fluctuations and overly enthusiastic market sentiment. The company particularly reminds all investors to be aware of risks in secondary market trading and to make cautious decisions and rational investments.
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