Coinbase IPO Pays Off as COIN Breaks All-Time High
After more than four years of waiting, early retail investors in Coinbase’s IPO are finally seeing green. COIN stock has returned to profitability, marking a symbolic turnaround for the crypto market in 2025.
1. Coinbase (COIN) Surpasses IPO Price and Sets a New All-Time High
Coinbase went public in April 2021 with a massive $28 billion IPO valuation. At launch, its stock (COIN) briefly peaked at $429.54.
However, in just over a year, COIN plummeted to a low of $31.55 in January 2023 — a staggering 92.6% drop.
On July 18, 2025, the stock hit a new all-time high (ATH) of $444.65 before a slight pullback to $428.75 in pre-market trading.
“I put $1,500 into Coinbase’s IPO four years ago. Today, I’m finally in profit,” jokedone investor.
Coinbase Stock (COIN) Performance. Source: TradingView
2. What’s Fueling COIN’s Comeback?
2.1. Market Optimism and Macro Tailwinds
Several factors have contributed to COIN’s rebound:
- Renewed investor appetite for risk assets
- A strong Crypto Week 2025, highlighted by the passing of the GENIUS and CLARITY regulatory bills
- Anticipation that the European Central Bank (ECB) will cut interest rates due to lower inflation expectations and tighter credit conditions
- Increased pressure on the Federal Reserve (Fed) to adopt a more dovish tone
According to the latest ECB SAFE survey, Eurozone firms expect softer prices and lower borrowing rates in the year ahead, which supports the easing narrative.
2.2. Bullish Sentiment from Analysts
On-chain analyst Ali Martinez commented:
“Coinbase’s COIN could become one of the best-performing crypto stocks, targeting $950 to $1,550.”
Momentum is building, and some traders are now shifting attention away from MicroStrategy (MSTR) toward Coinbase as the more compelling growth story.
3. Key Events That Could Impact COIN’s Price Next
3.1. Q2 Earnings Report on the Horizon
- Coinbase is scheduled to release its Q2 earnings report on July 31, 2025.
- COIN has already more than doubled in value since the start of the year.
- A strong earnings beat could provide another major catalyst for upward price momentum.
As one popular X user wrote:
“Coinbase will crush earnings. They’re aggressively targeting buybacks. $450/share is inevitable. Everyone is watching MSTR, but COIN is the real story.”
3.2. U.S.–EU Trade Tensions Add Uncertainty
According to Bloomberg, the European Union is preparing a broad response to U.S. tariffs, with a key deadline of August 1. While the EU prefers a negotiated solution, rising trade tensions could influence monetary policy decisions on both sides of the Atlantic.