Collectibles giant Funko shares surge after acquiring NFT app Tokenwave

Cointelegraph

Published Apr 02, 2021 12:56PM ET

Updated Apr 02, 2021 03:00PM ET

In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture collectibles giant Funko’s stock (NYSE: FNKO) rallied over 20%.

Unlike many price-pumping announcements heavy on hype and sparse on content from the last bull run (and the dozens inevitably to come over the next few months), Funko (NASDAQ:FNKO) and NFTs may be a perfect fit, however.

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