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<\/figure>\n\n\n\nDriven by market euphoria and institutional FOMO<\/strong>, NAKA stock experienced a meteoric rise, climbing to irrational peaks around $30. The company thus amassed nearly 5,400 BTC<\/strong>. But reality brutally caught up with retail investors. Unlike organic growth, this surge was fueled by risky financial engineering, creating a bubble ready to burst at the slightest sign of weakness.<\/p>\n\n\n\n The 99% crash is no coincidence. It highlights the opaque mechanisms of certain fundraising operations via PIPE (Private Investment in Public Equity)<\/strong>. In simple terms, institutional investors and insiders were able to acquire NAKA shares at ridiculously low prices (sometimes between $1 and $5) long before the general public paid top dollar at the bubble’s peak.<\/p>\n\n\n\n As soon as the lock-up period ended, these insiders massively liquidated their positions, flooding the market with sell orders. The result is unequivocal: devastating downward pressure that pulverized the stock price, leaving retail investors with colossal losses. This movement resembles what many observers consider a legal “rug pull”<\/strong>, where retail liquidity served as an exit door for early entrants.<\/p>\n\n\n\nAn orchestrated institutional “dump”?<\/h2>\n\n\n\n