🚀 Bullish Stock Rockets 200% at Launch—Here’s Why Traders Are FOMOing In

Wall Street meets moon mission as newly listed asset defies gravity

The pump no one saw coming

A sleeping giant woke up swinging—shareholders who got in early are now swimming in triple-digit returns while latecomers scramble for position. The 200% surge makes last quarter's crypto rallies look like baby steps.

Liquidity tsunami or clever trap?

Market makers are having whiplash trying to keep up with order flow. Retail traders are piling in like it's 2021 meme-stock mania all over again—because clearly, nobody learned anything from the last bubble.

Where rockets go, gravity eventually follows

Smart money's already taking profits while the Twitter army screams 'HODL.' Because if there's one thing Wall Street loves more than a comeback story, it's bagholders funding their champagne brunches.

By 2:24:26 PM EDT, it had surged 200%, briefly touching $118 before settling NEAR $92.60. There was a lot of trading during the launch with 37,818,511 shares being traded. 

Investors bid up the stock during the pre-IPO process, encouraged by a favorable U.S. regulatory climate. “Bullish came out with an attractive initial valuation, and investors responded by aggressively bidding it up,” noted Jeff Zell of IPO Boutique.

Regulatory Wins and Market Position

Recent regulatory victories under a pro-crypto White House fueled demand. Besides, ETF inflows and corporate treasury adoption boosted the broader crypto sector, sending Bitcoin to record highs. 

Bullish President Chris Tyrer confirmed the company is close to securing New York’s “BitLicense,” a key permit for operating in the state. Strict KYC, AML, and capital compliance are required for this license.

Additionally, the business intends to turn a sizable amount of IPO proceeds into stablecoins, a sector that is flourishing as a result of the Genius Act. Bullish, backed by Peter Thiel, focuses on institutional clients and sets itself up for steady, recurring revenue rather than volatile volumes driven by retail.

An Uncommon Listing in the Crypto Industry

Alongside Coinbase, Bullish’s IPO makes it one of the few cryptocurrency exchanges listed in the United States. Founded in 2020, it targets professional investors, especially as new policies may allow alternative investments in retirement accounts. 

CEO Tom Farley, former NYSE president, brings leadership credibility to a sector still overcoming trust issues. “That kind of leadership experience can be a differentiator,” said Michael Hall of Nickel Digital Asset Management.

The bullish opening shows institutional cryptocurrency adoption accelerating. Hence, the company may just be at the forefront of the next wave in digital-asset growth.

Also Read: Coinbase, Squads Protocol Push USDC Growth on Solana