Bullish Crypto IPO Skyrockets 300% on Debut—Another Win for Digital Asset Investors

Another day, another crypto IPO moonshot—Bullish just joined the club with a debut that left traditional finance clutching its pearls.

Triple-Digit Pop on Day One

The exchange's stock ripped past its listing price like ETH breaking resistance, closing up 3x in a classic 'buy the rumor, sell the news' frenzy. Wall Street analysts are already calling it overvalued (shocking, right?).

Crypto's IPO Streak Stays Hot

This isn't luck—it's pattern recognition. Digital asset firms keep delivering these first-day fireworks while legacy markets yawn through another 2% annual bond yield. Even the SEC's scowling can't stop the stampede.

The Punchline?

Bankers hate this one trick: list during a bull run, let degens do the rest. Just don't ask what happens when the music stops.

Crypto IPO momentum

Bullish’s surge adds to a string of upbeat crypto listings this year, with more expected in the coming months.

Circle, the issuer of the USDC stablecoin, saw its shares triple on their June NYSE debut and hit a peak of $299 before easing back to recent levels near $153. Meanwhile, in May, trading platform eToro gained nearly 30% on its first day on the Nasdaq.

Bullish CEO Tom Farley, a former NYSE president, previously stated that the company’s decision to go public reflects what it sees as the next growth phase for the digital asset industry.

Backed by investor Peter Thiel, Bullish first announced plans to list in 2021 through a $9 billion merger with special purpose acquisition company Far Peak. That deal was abandoned the following year amid a DEEP market slump and a string of crypto sector bankruptcies.

Since then, market sentiment has improved alongside a friendlier regulatory backdrop after the TRUMP administration rolled back many of the high-profile regulatory enforcement actions against crypto firms.