US-listed crypto stocks down average 73% from all-time highs

Stocks of recently listed cryptocurrency-related companies have fallen sharply from their post-listing highs, according to 10x Research. Among these firms, Gemini (GEMI) saw the largest drop at 91%, followed by Amber (AMBR) at 89%, BitGo (BTGO) at 79%, Circle (CRCL) at 78%, Coinbase (COIN) at 63%, and Securitize (SECZ) at 41%. The data indicates that the stock prices of eight recently listed virtual asset companies have declined by an average of 73% from their post-listing peaks. The report noted that a sharp decline in stock prices after listing has become a common trend for cryptocurrency company IPOs.