Bullish's $1.1B IPO Experiences Wild Fluctuations, Soaring from $37 to $118 in Just Hours
Historic IPO by Bullish: Bullish, a cryptocurrency exchange backed by Peter Thiel, raised $1.15 billion in stablecoins during its IPO on August 14, 2025, marking the first U.S. public listing settled without traditional cash.
Surge in Share Prices: Shares priced at $37 soared to $118 on their debut before closing at $68, resulting in an 83% gain and increasing the company's valuation from approximately $5.4 billion to nearly $13 billion within a day.
Innovative Settlement Process: The IPO utilized a mix of stablecoins for settlement, processed through Solana for speed and efficiency, with Coinbase acting as custodian, showcasing the potential of tokenized money in mainstream finance.
Implications for Future Finance: Bullish's successful IPO highlights a shift towards stablecoin adoption in financial markets, suggesting that blockchain technology could redefine how Wall Street raises capital and operates in the future.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
