Grayscale Bailout?
There are reports that they have secretly submitted an IPO application, while welcoming back founder Barry Silbert as chairman of the board. This series of actions suggests that Grayscale may return to a buying spree!
It is important to remember that during the last surge of altcoins, aside from the halving expectations and SBF's massive purchases, the key driving force was actually Grayscale. The cryptocurrencies they currently hold largely cover the five major lines of altcoins:
1️⃣ Mainstream Altcoins: $BTC, $ETH, $LTC, #ADA, #DOT, #AVAX, $SOL, $XRP
2️⃣ Smart Contract Chains: $APT, $ARB, #CELO, #TON, $MNT
3️⃣ Financial/Platform Tokens: $BNB, #ENA, $PENDLE, $JUP
4️⃣ Meme/AI: #BONK, $GRASS, #XBT
5️⃣ Infrastructure: #JTO, #ZRO, $W
If Grayscale really takes action this time, it could be another “lifting the sedan opportunity.”
