Society Pass Inc. (SOPA) has experienced a significant surge, climbing 63.80% in value during Friday afternoon's trading session. This notable increase in the stock price has occurred without any official corporate announcements to explain the sharp rise.
Presently, SOPA is being traded at $2.48, marking an increase of $0.76 from the previous closing price of $0.96. The stock has demonstrated considerable volatility throughout the day, achieving a high of $2.75 and dipping to a low of $2.03. Additionally, trading volume has skyrocketed to 92.01 million shares, a substantial increase compared to the average volume of 356,563 shares.
This abrupt price movement indicates heightened market activity and speculation, with traders keenly observing for any forthcoming developments or factors that may be fueling the rally.