ETHZilla witnessed a remarkable 14% increase in share price following Dimitri Semenikhin’s investment. The company’s decision to leverage $40 million worth of Ethereum for share repurchases aligns with Semenikhin’s suggestions, significantly impacting its valuation.
Semenikhin’s strategies and social media presence have attracted substantial attention, as he previously aided Beyond Meat’s stock surge. His focus on ETHZilla reflects a broader trend of meme stock investors exploring undervalued companies.
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