CoinGecko's founder denied reports that the company is considering a roughly $500 million sale and said it has not engaged Moelis as an adviser. The clarification arrives as M&A activity and valuations heat up across the crypto industry.
CoinGecko is reportedly exploring a sale that could value the crypto market-data firm near $500 million and has engaged Moelis as adviser, according to sources. The move comes as dealmaking across the crypto sector accelerates.
CoinGecko analyst Yuqian Lim says DEX spot volume reached a record 37.4% of combined spot trading in June, driven largely by a surge on PancakeSwap amid memecoin activity.