Gemini Market Cap Shrinks 80%, M&A Speculation Reignites
Gemini's stock price has fallen by approximately 80% since its IPO, with its market capitalization dropping from a peak of $4 billion to $753 million. As trading volumes contract, the value of its regulatory licenses and infrastructure has fueled market speculation about an acquisition, but the founder's absolute voting control presents practical hurdles to advancing any potential deal.
