Shares of nano-cap company Asset Entities Inc. (ASST) are surging over 125% on Monday morning after the company announced the launch of a new AI bot.
ASST is currently trading at $2.6001, up $1.4501 or 126.0957%, on a huge volume of 41 million shares, above average volume of 390 thousand, on the Nasdaq. The stock opened its trading at $1.3700 after closing Friday's trading at $1.1500. The stock has traded between $0.8110 and $6.9800 in the past 52-week period.
Asset Entities announced its new AI bot named "Eddie", which will be offered as a part of its AE.360.DDM suite of services.
The company also launched its new merchandise website which will allow users to purchase digital avatars created through AI platforms and offer monthly subscriptions.
Users can buy a character of their choice created through AI platforms which is priced from $1 to $7 per Avatar. The platform will also offer a monthly membership for $9.99 which will include access to the AE Entertainment Discord, which is coming soon, as well as a new "Members Only" Avatar at the beginning of each month, and an additional "Rare" Avatar at the end of each completed month so they can be collected continuously.
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