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ATNF Surges Over 50% in Pre-Market Trading as Ethereum Reserve Sector Gains Momentum
In a significant market movement on August 13, ATNF emerged as the standout performer among Ethereum reserve concept stocks, with its pre-market value rising to $1.577 billion, marking a surge exceeding 50%. This bullish momentum reflects broader strength across the digital asset custody sector.
The stock’s remarkable gain comes in the wake of a strategic investment disclosure. According to SEC filings, Peter Thiel’s investment team has taken a 7.5% stake in ETHZilla (formerly 180 Life Sciences Corp., ticker: ATNF), signaling serious institutional interest in the Ethereum treasury reserve space.
The broader market rally in this sector demonstrates growing investor confidence in blockchain infrastructure plays. Supporting cast members of the Ethereum reserve concept rose alongside ATNF’s primary performance:
This constellation of gains suggests the market is rewarding companies positioning themselves as custodians and participants in Ethereum’s ecosystem. The convergence of high-profile investor participation and positive price action underscores renewed attention to the digital asset infrastructure landscape.
#SEC #ETH