Shares of RegenCell Bioscience (ticker: $RGC), a biotech company, have surged dramatically from around $3 to over $800 within a two-month period, representing an increase exceeding 20,000%. This rapid price escalation has drawn skepticism and concerns from market participants, with some labeling the stock as a potential fraud linked to Chinese companies. The market capitalization of RegenCell Bioscience has reached approximately $10 billion amid this surge. Investors have noted the extreme volatility, with predictions that the stock price could eventually crash back below $100. Comparisons have been made to other volatile stocks such as $HKD, which rose from $12 to $2,555 before a sharp decline. Meanwhile, another stock, $MFI, has also seen recent price gains, reportedly due to the purchase of all Class B shares by an undisclosed buyer, prompting speculation of a coordinated price pump. The unusual price movements have led to calls for regulatory intervention, including suggestions for an interest rate hike to curb such market behaviors.
SHARES OF THIS RANDOM BIOTECH COMPANY REGENCELL BIOSCIENCE ARE NOW UP OVER 20,000% IN 2 MONTHS IF YOU INVESTED JUST $10,000 2 MONTHS AGO YOU WOULD NOW HAVE $3.1 MILLION $RGC https://t.co/54bEfwhJjU https://t.co/CCD5i6zbi7
$HKD went from $12 to $2,555. $RGC went from $3 to $950. The crash is inevitable. Only a matter of time. https://t.co/T9P3Q6B3h7
They definitely want to pump this hard $MFI. I’ll add more https://t.co/zNEqEce53h