OCG - Takung Art gains on social media mentions NFT hype

Online art-dealing platform Takung Art (NYSE:TKAT) rose 29% after earlier jumping almost 60% at least partly fueled by social media promotion of the stock. Several posters on sites such as Stocktwits were promoting the the stock Takung Art shares soared in March, at one point hitting almost $54, om bullish sentiment about non-fungible tokens or NFTs. The NFT market appears to heating up again as CNBC reported  that at picture of a rock sold for $1.3M yesterday. In addition, yesterday Visa stock rose after jumping into NFTs with purchase of a CryptoPunk. Takung Art short interest 7.1% of float.

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Takung Art gains on social media mentions, NFT hype