HUMBL (HMBL) Stock Sees Continuous Selling Pressure: What’s Going On?

After having been one of the biggest gainers among penny stocks up until February, the HUMBL Inc (OTCMKTS:HMBL) stock has declined quite sharply since February and gone down by 85%.

HUMBL (HMBL) Stock Sees Continuous Selling Pressure: What’s Going On?

Last Friday, there was an important development as the company announced that it signed the binding term sheet regarding the acquisition of the creative advertising company Monster Creative LLC. The company is going to operate independently but it is going to help HUMBL in creating multimedia NFTs or non fungible tokens.

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However, back in April, HUMBL had announced the launch of the first version of the mobile application HUMBL Pay. In addition to allowing payments, HUMBL Pay is going to allow its customers to tip, provide reviews and discover new merchants. In addition to that, HUMBL has also managed to include ticketing services into the HUMBL Pay app. Last month, HUMBL has also announced the addition of new members and a reorganization of its technology team that works across three divisions. The divisions being HUMBL Marketplace, HUMBL Financial and HUMBL Mobile Pay.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.