HashKey Holdings (03887) experienced a decline in its stock price following its initial public offering (IPO) in Hong Kong on December 21. The stock dropped below its IPO price of 6.68 HKD, reaching a low of 5.63 HKD on December 19, before slightly recovering to 5.81 HKD. Analysts from BiyaPay attribute this volatility to cooling investor sentiment, a common occurrence with new stock listings. They advise monitoring trading volumes and news closely, and suggest implementing stop-loss strategies for altcoin investments. BiyaPay facilitates Hong Kong stock trading and offers zero-fee crypto spot and futures trading.