Data: Recently listed cryptocurrency companies' stock prices have fallen 73% from their average highs, with Gemini dropping over 90%

According to a report by 10x Research, the stock prices of recently listed cryptocurrency-related companies have generally fallen sharply from their post-listing highs. Among them, Gemini (GEMI) has dropped by 91%, Amber (AMBR) has decreased by 89%, BitGo (BTGO) has fallen by 79%, Circle (CRCL) has declined by 78%, Coinbase (COIN) has decreased by 63%, and Securitize (SECZ) has also dropped by 41%.

Data shows that these 8 recently listed cryptocurrency companies have, on average, fallen 73% from their post-listing highs. The report points out that the sharp decline in stock prices after listing has become a common phenomenon for cryptocurrency company IPOs, and investors need to adopt a more systematic strategy to cope with such volatility.