Stock prices of recently listed cryptocurrency-related companies have generally fallen sharply from their all-time highs recorded since listing, 10x Research reported. Among crypto companies, Gemini (GEMI) saw the largest drop, falling 91% from its all-time high, followed by Amber (AMBR) 89%, BitGo (BTGO) 79%, Circle (CRCL) 78%, Coinbase (COIN) 63%, and Securitize (SECZ) 41%. According to the data, the stock prices of 8 recently listed crypto companies have fallen an average of 73% from their post-listing highs. The report pointed out, "The phenomenon of stock prices plummeting after listing is commonly observed in the initial public offerings (IPOs) of cryptocurrency companies."
