Penny Stocks Attempt to Ride Crypto's Coattails

Education tech firm Classover Holdings (KIDZ) said in early May that it would sell $400 million worth of shares to buy solana. Its stock exploded higher. Shares of the thinly traded company, then with a market cap well shy of $50 million soared from $1.15 to more than $7 in just two sessions before settling back to the current $3 source: https://www.coindesk.com/markets/2025/05/12/penny-stocks-attempt-to-ride-cryptos-coattails