🤑Since Coinbase joined the S&P 500 and Circle IPO was a huge success, increasing by more than 600%, crypto stocks have quickly become a prominent trend, attracting cash flow from traditional investors.🔥

A look at notable crypto stocks on the US stock market:

  • Circle (CRCL): the first stablecoin stock IPOed on June 5 at $31, has now skyrocketed to $240 (+600%) thanks to expectations of benefiting from the upcoming GENIUS stablecoin Act.

  • Coinbase (COIN): the exchange officially joined the S&P 500 from May 19, creating momentum for the stock to grow by ~25%.

  • MicroStrategy (MSTR): the company's stock holds a lot of TOP1 Bitcoin with more than 500,000 BTC (nearly 3% of total supply), the stock increased from $12 (2020) to $360 currently.

  • GameStop (GME): officially joined the race to collect 4,710 BTC (~$513M) at the end of May but the stock price has increased ~20% since announcing the plan to use BTC as a reserve asset in March.

  • Trump Media (DJT): launched a strategy to buy $2.5B worth of BTC on May 27, causing strong fluctuations in stock prices.

In addition to industry giants or BTC reserves, altcoin collectors are also attracting significant attention:

  • SharpLink (SBET): a sports technology company collected $425M ETH - stock price x6 then fell sharply.

  • DeFi Development (DFDV): real estate finance company turns to collect SOL (600K+ SOL) - stock price x5.

  • Trident Digital (TDTH): digital transformation company plans to collect $500M XRP to build the world's largest XRP reserve - stock price drops 50%.

  • SRM Entertainment (SRM): toy and souvenir design company receives $100M to store TRX, cooperates with Justin Sun to plan reverse merger with TRON to list on NASDAQ, - stock price increases 10 times.

  • Lion Group Holding (LGHL): Raises $600M to create HYPE reserve - stock price nearly doubles.

With crypto stocks becoming a new trend on Wall Street, more and more big names in the industry may be aiming for IPOs in the US in the near future. In addition to TRON, eToro, Bithumb, Gemini and most recently OKX are also rumored to be preparing for this move.