Crypto Trader Rune Acquires Nasdaq Shell Company to Launch Meme Coin Short Squeeze

Crypto trader Rune has announced the acquisition of a 37.4% stake in a Nasdaq-listed shell company for $1.8 million. The plan involves tokenizing the company's stock and issuing a paired meme coin, aiming to leverage on-chain speculative activity to drive demand for the stock and trigger a short squeeze on the 92.3% of shares currently held short.