The blockchain company Bluesky Digital's stock price surged 1767% within a month, possibly due to investors confusing it with the social platform Bluesky

ChainCatcher news, according to DL News, the stock price of Toronto-based blockchain company Bluesky Digital soared in November, as investors may have mistakenly associated it with the social media platform Bluesky. Since Donald Trump's election on November 5, Bluesky Digital's stock price has surged from $0.06 to $0.56, an increase of approximately 833%.

A portfolio manager stated that the rise in stock price "may be due to the confusion caused by the name of the social media platform."