Pheton's 90% crash; Bear Cave report fuels market turmoil.

Pheton Holdings experienced a catastrophic 90% drop in its stock value, which can be attributed to a **Bear Cave report alleging manipulation**. Here's a detailed analysis: 1. **Bear Cave Report**: The report issued by Bear Cave Research firm was the catalyst for Pheton's stock meltdown. It accused **overseas groups** of manipulating Pheton's stock through the spread of false rumors. The allegations pointed to a pattern where such groups boost the stock prices of U.S.-listed Chinese companies through fake merger claims, often involving Gilead Sciences. 2. **Rumors of Acquisition**: The report highlighted rumors of a potential acquisition or partnership between Pheton and Gilead Sciences, with a speculated transaction date of August 6, 2025. These rumors were used to manipulate the stock price artificially. 3. **Market Reaction**: The Bear Cave report led to a massive sell-off as investors panicked and scrambled to reverse their positions. The stock's value plummeted from $441 million to nearly zero in a matter of hours. 4. **Historical Pattern**: Bear Cave's report pointed out a familiar pattern in the stock market, where such scams result in sudden and severe stock collapses. This pattern has been observed in other Chinese companies as well, such as Ostin Technology, which dropped 12.95% intraday. 5. **Investor Impact**: The report's findings suggest that investors should be cautious of such scams, which can lead to significant losses. Regulatory bodies are also urged to take action to prevent such manipulations and protect investors. In conclusion, Pheton's 90% crash was a result of a **Bear Cave report that exposed manipulation**. The report's allegations of false merger rumors and its historical pattern of similar collapses have led to a market turmoil, resulting in significant losses for investors.