Stablecoin Development Corp stock crashes 92% after 1,000% rally
- —SDEV shares fell below $0.90, valuing the company at $45 million
- —The stock rallied nearly 1,000% before losing 92% within weeks
- —Fugazi Research flagged warrants that would dilute retail holders
- —Tether has not exercised warrants eligible since October 16
Why it matters: The episode highlights governance and dilution risks in crypto-treasury vehicles that attract short-seller scrutiny.
Source: Protos