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Sharplink Stock Plunges 67% After SEC Filing Misinterpreted as Insider Sell-Off

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Sharplink Gaming (SBET) stock fell 67% in after-hours trading as the fear and greed index swung sharply lower. An SEC S-3 filing triggered panic, with traders mistaking it for an insider sell-off. Trading volume spiked as the stock tumbled from $124. Joseph Lubin, chairman and Consensys CEO, said the filing was routine and unrelated to share sales. Despite the explanation, the fear and greed index remained bearish, and trading volume stayed elevated.
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