🚀 Why OKB Just Skyrocketed 100%+ This Week (And What Wall Street Missed)

Another week, another crypto moonshot—but OKB's parabolic rally has even degens doing double-takes. Here's what's fueling the frenzy.

The Backroom Deal That Lit the Fuse

Whispers of an institutional custody partnership hit Telegram channels before Bloomberg could hit 'publish.' Suddenly, a token that traded sideways for months went vertical.

Liquidity Wars: Binance vs. The World

With exchange reserves thinning faster than a trader's hairline, OKB's burn mechanism turned scarcity into rocket fuel. Seven-figure buy walls appeared like magic—just as three hedge funds 'coincidentally' announced crypto allocations.

The Real Winner? Anyone Who Ignored 'Advisors' Pushing Stablecoins

While wealth managers were busy over-diversifying, OKB holders laughed straight to the bank. Another reminder: in crypto, the early crowd gets the Lambo—the late crowd gets the whitepaper.

Image source: Getty Images.

Investors aren't distracted with a rosier outlook for 2025

Reporting second-quarter results on Tuesday, management thought it gave investors a lot to celebrate. Besides beating analysts' revenue estimates, it reported strong year-over-year growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) as well as a more robust backlog than what it had at the same point last year.

What's troubling investors, however, is the apparent lack of progress the company will make toward achieving profitability in 2025. In the second quarter, it reported an adjusted operating income margin of 16.4%, narrower than the 21.5% number it reported for the same period last year. Moreover, if CoreWeave achieves the midpoint of its 2025 guidance and reports adjusted operating income of $815 million on revenue of $5.25 billion, it will represent an adjusted operating income margin of 15.5%.

Should investors unknit CoreWeave from their portfolios amid the market sell-off?

Growth stocks like CoreWeave often demonstrate considerable volatility once they hold their initial public offerings (IPOs). With the AI hyperscaler debuting on public markets in March, the wild swings in its stock are unsurprising.

Concerns about the company's profitability are valid, but it's way too soon for long-term investors to enter panic mode and sell their positions. If you're a CoreWeave shareholder today, the best route is to stay the course.