Mark Cuban questions the future of crypto IPOs after Bullish shares plunge 6% post-listing, raising doubts about token-forward IPOs gaining wider trust.
Mark Cuban Questions Future of Crypto IPOs As Bullish Stock Drop
Billionaire investor Mark Cuban is casting doubt on the future of crypto IPOs after shares of Bullish (BLSH) slid more than 6% just a week after going public.
Cuban, who made his fortune during the dot-com boom and owns the Dallas Mavericks, has been a longtime supporter of blockchain projects like Polygon, Aave, and OpenSea. But after watching Bullish stumble during its highly anticipated debut, he took to X with a sharp post: “Will crypto IPOs be treated like a meme coin now?”
Bullish’s public listing was touted as a landmark for token-forward IPOs, which combine traditional stock offerings with digital asset exposure. The idea was to give investors access to web3 without directly holding tokens. But with prices already tumbling, Cuban’s concern highlights a bigger problem: investor sentiment still dominates this market segment.
Future of Crypto IPOs
For many analysts, Bullish’s performance is a warning shot. If volatility continues, future token-linked IPOs could struggle to gain traction with institutional players. Retail-driven swings have already shaken confidence, and Cuban’s cautious tone signals that even strong backers are rethinking the playbook.
For now, the fate of crypto IPOs may hinge on whether companies can prove they offer more than just hype.
YOU MIGHT ALSO LIKE: Hyperliquid Activates Multi-Quote Spot Trading on Mainnet, HYPE Price Sees Whale Buys