Peter Thiel’s Bullish Exchange Filed for a $4.23 Billion IPO – Crypto & Top Meme Coins Start Recovery

The IPO aims to obtain $28 to $31 per share, bringing in $629M and pushing the company to a $4.2B evaluation.

According to the F1 document, an additional 3M Ordinary Shares package is available for purchase for 30 days from the announcement date.

With the IPO approved, Bullish’s shares will begin trading on the New York Stock Exchange (NYSE) as early as August 12.

Trump’s GENIUS Act Fueling the Expansion of the Crypto Universe

The Bullish IPO comes in a pro-crypto legislative context created by Trump’s GENIUS Act, which aims to create a stronger and clearer legal framework for stablecoin use.

International law firm, Winston & Strawn LLP, published a blog about the Act, stating that:

The passage of the GENIUS Act into federal law reflects a broad bipartisan consensus that stablecoins have moved into mainstream finance and merit dedicated federal oversight.

—Winston & Strawn LLP, Real GENIUS: Landmark U.S. Federal Payment Stablecoin Legislation

The crypto-friendly environment created by the GENIUS Act has inspired other organizations to push their IPO listings, with BitGo being one of the most recent cases.

Even more impactful is Circle pushing its IPO target to almost $900M, invoking precisely the more favorable US crypto legislation and the growing stablecoin adoption.

In this context, a favorable IPO would catapult Bullish into the mainstream, building upon the momentum created by acquiring CoinDesk in 2023.

More importantly, it would force the crypto market into the spotlight, fueling the stablecoin sector and paving the way for newcomer meme coins to surge into the mainstream.

Here are three such projects that showcase great potential for 2025 and beyond.

1. Snorter Token ($SNORT) – The Ideal Telegram-Operated Token Hunting Project for Opportunistic Investors

Snorter Token ($SNORT) hosts the Snorter Bot, the Aardvark companion that snipes hot tokens for you faster and more effectively than any other trading UI.

The Bot targets hot tokens in milliseconds after liquidity becomes available, faster than UIs like Raydium and Pump Fun.

The Snorter Aardvark transforms coin hunting into a rewarding and safer experience thanks to its real-time scam alerts, customizable features, and, more importantly, centralized activity.

The Snorter Bot only operates in its designated Telegram channel, which means no more juggling multiple wallets and browser extensions. This makes the Bot ideal for opportunistic investors who find manual coin hunting unsafe and ineffective.

$SNORT is in presale right now, and it’s already raised $2.7M since its start date in May. The token sits at $0.1003, but has the potential to climb the charts fast post-launch, given the project’s utility and scope.

You can buy $SNORT right now by going to the presale page and following the purchase instructions to support the project, or simply FOMO-invest into an asset with great long-term potential.

2. Lobo the Wolf Pup ($LOBO) – Community-Driven Meme Coin on the Rise

Lobo the Wolf Pup ($LOBO) is returning over the past 24 hours, after experiencing a 75% surge in the charts.

Beyond just a simple chart swing, this is more likely the result of the project finally getting the recognition it’s been looking for.

Lobo resulted from a long timeline starting on March 8, 2024, when Buoyant Capital won the auction for the 4 megger Runestone for 8 $BTC. This resulted in the creation of the Rune Father, which then resulted in the birth of the Rune Door collection on April 12.

Finally, $LOBO was born on April 25, hitting over 72,000 wallets holding Rune Doors and marking the start of the Lobo wolf pack.

Today, Lobo the Wolf Pup aims to become one of the strongest meme coins in the crypto space and the chart shows it. The token is experiencing a 400% boost in its 24-hour trading volume and a 93% bullish community sentiment.

If you want to invest, this may be the perfect time.

So, go to the official site to learn more about Lobo the Wolf Pup and hit your favorite exchange to secure your $LOBO today.

3. Bitcoin Hyper ($HYPER) – The Layer 2 Solution to Bitcoin’s Poor Performance

Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to bring Bitcoin’s performance to modern standards.

The Hyper layer aims to remove Bitcoin’s 7-transactions-per-second (TPS) cap and bring its performance to Solana-level numbers, and the Canonical Bridge is the primary tool for that.

The Canonical Bridge connects the Bitcoin ecosystem to Hyper’s and mints the users’ $BTC into the Layer 2, relying on the Bitcoin Relay Program to verify block headers and confirm transactions.

This system decongests the Bitcoin network, offering near-instant finality and unlocking Bitcoin’s true potential.

Solana Virtual Machine (SVM) integration is also necessary to enable ultra-fast and low-latency smart contracts and DeFi apps. The result is a higher throughput and improved scalability.

Bitcoin Hyper aims to achieve what the Lightning Network couldn’t and has the blueprint to do it.

The project is in presale today, having recently broken the $7M threshold in less than three months since its inception in May. This performance showcases the growing investor interest, driven by Bitcoin Hyper’s clear roadmap and great long-term potential.

If you want to join the hype train, visit the presale page and get your $HYPER batch today.

The token sits at $0.012525, the lowest price if Hyper follows through with its promises and experiences mainstream success post-launch.

Will Bullish Hit Its $4.2B Target?

Despite failing to achieve its 2021 IPO target of $9B, Bullish seems to be on the right track this time. Between the growing investor interest and the pro-crypto environment created by Trump’s GENIUS Act, Bullish now has all the advantages it’s been missing in 2021.

So, the likeliest outcome is that the company will hit its target price, which we’ll see on the NYSE on August 12 at the earliest.

If that happens, keep your eyes on meme coins like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER).