Gemini’s Pre-IPO Losses Skyrocket 580%—What’s Next for the Crypto Giant?

Gemini's balance sheet just bled harder than a Bitcoin maximalist watching an altcoin rally. The exchange's losses exploded nearly sixfold ahead of its planned IPO—raising eyebrows from Wall Street to Crypto Twitter.

Numbers don't lie: That 580% loss spike would make even a degen trader flinch. While traditional finance analysts clutch their pearls, crypto natives know volatility comes with the territory. Remember when Tesla bought BTC at the top? Exactly.

Now the real question: Will institutional investors see this as a red flag or a buying opportunity? After all, in crypto, today's trainwreck often becomes tomorrow's 'generational dip.' Just ask the guys who sold their ETH for pizza in 2015.

One thing's certain—if Gemini pulls this off, their IPO prospectus will need more creative accounting than a Tether reserve report.