Coinbase (COIN) Rockets 232% in a Single Day—Here’s the Fine Print
Coinbase just pulled off a moonshot—but traders might want to check the fuel gauge.
The crypto exchange’s stock exploded by 232% in 24 hours, a move that’d make even Bitcoin maximalists blink. Yet seasoned investors know triple-digit rallies often come with asterisks.
Behind the surge: A perfect storm of institutional FOMO and retail traders piling into derivatives. The catch? Liquidity vanished faster than a memecoin rug pull when the order books got thin.
Wall Street analysts are already sharpening their pencils—some calling it a ‘rational exuberance play,’ others muttering about gamma squeezes over martinis. Meanwhile, crypto natives are placing bets on whether COIN can hold these levels longer than your average NFT project.
One thing’s certain: When volatility’s this high, even the algo traders buckle up. Just don’t ask the SEC for commentary—they’re still trying to define what a security is.
Coinbase Crypto Price Rockets 200% But Coinbase stock Only Up 0.57%
The Coinbase crypto is under the limelight of the market with its impressive price action. At press time, it has surged 235% in 24 hours and 2,801% since its inception. With this, the market valuation of this altcoin has raised to about $23 million.
However, Coinbase Global Inc. (NASDAQ: COIN) has added only 0.37% or +$2.04 in the last 24 hours. While the stock price opened at $354.20 and recorded a high of $364, the value of this stock is currently at $357.84. This shows a stable price action for stock price in the market.
No Connection Between Both
Bringing the conclusion to the speculations, the Coinbase (COIN) crypto is not an asset that is affiliated with the legendary Coinbase exchange in any way. This has also been mentioned right above the COINBASE price chart in the CoinMarketCap.
Coinbase Stock Targets By Institutional Analysts
An analyst at Bernstein, Gautam Chhugani, increased the price target on Coinbase to $510 from $310 signalling an upside of 48% and maintained its rating of outperform. He added that the firm was “leading the crypto exchange” in the United States of America (USA).
The fact that it is included in the S&P 500 list, as well as the number of acquisitions, and the development of Ethereum-based infrastructure, make multiple analysts believe in high growth capacity within a notable period of time.
Crypto Market Sees $183M in Liquidations in the Past 24 Hours
