Hong Kong Stablecoin Stocks Whipsaw — Goldstream Investment Plunges Over 40% After Record Surge

TradingKey – Hong Kong Stablecoin Stocks saw sharp divergence on Wednesday, July 9, with Goldstream Investment (01328.HK) crashing more than 46% intraday to HK$6.70, following a meteoric 653% surge the previous day that briefly pushed the stock to HK$15, its highest level since 2016.

Goldstream Investment Stock Price Chart – Source: TradingView.

The volatility was triggered by Goldstream’s announcement on Monday of a strategic partnership with AnchorX to develop stablecoin infrastructure. While the news initially sent the stock soaring, Wednesday’s steep correction reflects profit-taking and market skepticism over the sustainability of the rally.

Meanwhile, other Hong Kong stablecoin-linked equities posted mixed results:

• Victory Securities (08540.HK) jumped over 10%, hitting a new all-time high of HK$12 intraday.
• Lead Medical & Biotech (00399.HK) and Deren Holdings (01709.HK) each gained more than 1%.

The broader trend mirrors heightened investor interest in stablecoin-related plays across global markets. Over the past month, stocks like Circle (NYSE: CRCL) in the U.S., KakaoBank Corp (KRX: 323410) in South Korea, and Guotai Junan International (01788.HK) in Hong Kong have all experienced extreme price swings, underscoring the speculative fervor surrounding the sector.