Blockchain Fintech Stocks Plummet 7% Today, Halved from 52-Week High

Figure Technology Solutions (NASDAQ: FIGR), a blockchain-based lending and capital markets platform, closed at $27.65 per share on the Nasdaq on the 17th—down 6.75% from the previous day—equivalent to roughly KRW 39,000. Its market capitalization fell to about $5 billion (around KRW 7 trillion), wiping out approximately $320 million (about KRW 450 billion) in a single day. Trading volume topped 4.45 million shares, exceeding recent averages. Compared with its 52-week high of $78, the stock has already lost more than half its value. (marketbeat.com)

Earlier this month, the company reported May operating data showing continued growth in home equity and consumer credit marketplace transactions—both through its own channels and those of partners. In the first quarter, it recorded revenue of $167 million (approximately KRW 230 billion) and net income of $44 million (about KRW 60 billion), turning profitable from a year-ago loss. (investors.figure.com)

Founded in 2018 by Mike Cagney, Figure Technology Solutions is a blockchain-based capital markets platform that on-chains the entire process of loan origination, funding, and securitization, with a focus on home equity lines of credit (HELOCs) and consumer credit. It made its Nasdaq debut in September 2025 at an IPO price of $25, valuing the company at about $5.3 billion (mid-KRW 7 trillion). Today, it is classified as a growth stock within the highly volatile crypto and fintech sectors. (investors.figure.com)