According to GMGN data, microduck surged briefly before rapidly retracing, with its market cap falling below $40 million to $38.99 million, down over 10% in the past hour. Previously, NVIDIA announced that its acquisition of Hugging Face for $12.9303 billion is expected to close in the first half of 2027, subject to regulatory approval, with a maximum equity retention plan of up to $1 billion for Hugging Face employees joining NVIDIA.
microDuck price drops 10% in one hour, market cap falls below $40M
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Summary
The price of microDuck dropped more than 10% in one hour, with its market cap falling from over $40 million to $38.99 million. According to TechFlow, the token briefly surged before a sharp decline. Meanwhile, NVIDIA’s $12.93 billion acquisition of Hugging Face remains on track for 2027, with up to $1 billion in equity allocated to Hugging Face employees. Investors are closely monitoring altcoins amid shifting cryptocurrency price movements.
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