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Barchart
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Wajeeh Khan

This Penny Stock Is Surging Big Time on a Tie-Up With Faraday Future and a Push Into Crypto. Should You Buy Its Shares Here?

Faraday Faraday Future Crypto EV

Qualigen Therapeutics (QLGN) shares soared about 200% on Monday at the peak after the biotech company secured a $41 million investment from Faraday Future (FFAI) and its founder YT Jia. 

Investors cheered QLGN also because it’s rebranding as CXC10 as part of a major pivot into crypto-Web3, revealing three growth engines: a crypto treasury, a DeAI trading platform, and ecosystem tokens.  

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