š Bullish Stock Rockets 200% to $90, Propels Crypto Exchange Past $16B Market Cap
A sleeping giant wakesāand Wall Street scrambles to keep up.
The surge no one priced in
Today's opening bell wasn't a chimeāit was a sonic boom. Shares blasted past $90, leaving analysts' conservative targets in the dust. The 200% climb defies traditional valuation models, proving yet again that crypto-adjacent plays operate on different physics.
Exchange empire building
That market cap milestone? Not some speculative crypto projectāwe're talking about a full-fledged exchange now valued like a legacy financial institution. The $16 billion watermark puts it ahead of several bulge bracket banks... at least until the next volatility swing.
Short sellers meet gravity
Meanwhile in hedge fund land: another 'impossible' rally shreds risk models. When will they learn? Digital asset markets don't care about your discounted cash flow analysis. The only chart that matters right now is the one going vertical.
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Another day, another reminder that 'overvalued' is just institutional FOMO dressed up in concern trolling.