Gemini Space Station (GEMI), the exchange of Crypto founded by Cameron and Tyler Winklevoss, saw its actions plummeting more than 20% since registration in Nasdaq last Friday.
The action is down approximately 6% on Tuesday, negotiating $ 30.42 and dropped by almost 24% in last week. The sharp decline follows a sharp increase after the company raised $ 425 million in its IPO, pricing shares at $ 28 and the company’s recovery to $ 3.3 billion before the start of trade.
On the first day, GEMI increased to $ 45.89 before closing to $ 32 – a bonus of 14% at its supply price. But since he has reached this high level, shares have plunged more than 34%, efforcing most of the early enthusiasm of public market investors.
The wider crypto stock market has remained more stable. Coinbase (corner), the biggest exchange of American crypto, is stable during last week. Robinhood (Hood), which draws part of its crypto income, is down 3%. The circle of token transmitters (CRCL), on the other hand, is up 13% over the same period.
Part of the pressure on gemini stocks can come from its finances. The company posted a net loss of $ 283 million in the first half of 2025, after a loss of $ 159 million in all of 2024. Despite the collection of cool capital, the figures suggest that the company is still far from making a profit.
Compass Point Analyst Ed Engel noted that GEMI is currently negotiating its annualized income in the first half of 26 times. This multiple – often used to assess if a stock is expensive – means that investors pay $ 26 for each dollar that the company should generate in sales this year. For a losses in a volatile sector, it is a high price, and could feed investor skepticism.
