Pompliano’s Opendoor Bet Sends Stock Soaring 10%—Wall Street Scrambles to Keep Up

Opendoor shares ripped higher today after crypto heavyweight Anthony Pompliano revealed a stake—proving once again that fintech's disruptors move faster than legacy suits.

Wall Street's reaction? A classic case of FOMO meets institutional inertia. While analysts dust off their valuation models, Pompliano's 10% single-day gain screams what crypto natives already know: asymmetric bets trump consensus thinking.

Bonus jab: Meanwhile, traditional asset managers are still waiting for their 'blockchain task force' reports to clear compliance.

Big jump in one month

According to Google Finance, Opendoor’s stock has soared 175% over the past month, rising from about $0.90 to more than $2.40. The rally follows a July retail trading frenzy sparked by hedge fund EMJ Capital Founder Eric Jackson’s social media posts, which briefly sent shares up as much as 832% before settling.

Opendoor’s “iBuying” model uses software to streamline the home buying and selling process, offering homeowners faster and more flexible options.

Once struggling with rising interest rates and facing a potential Nasdaq delisting, Opendoor became a meme stock in July after a surge led by retail investors.

Pompliano cautioned, “This is not financial advice. Do your own research. Opendoor is going to be volatile. It may not work out for investors. Take responsibility for your own actions and decisions.”

CEO Carrie Wheeler called the recent surge “an unexpected opportunity” for 2025, as the company shifts from flipping homes to broader selling solutions.

These developments underscore how social media buzz and influential investors can rapidly move markets, particularly in tech-driven real estate stocks.

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