Gemini’s stock, GEMI, has plunged 90% from its September 2025 high, raising fresh concerns about the crypto exchange founded by twins Tyler and Cameron Winklevoss.
As a result, market expert Dom Kwok, co-founder of blockchain firm EasyA Labs, warned on social media platform X (previously Twitter) that Gemini could face bankruptcy before the end of the year.
Kwok’s forecast ties together several pressure points: multiple class-action suits, an exodus of senior executives, slowing revenue growth, accelerating losses, and what he described as a “doom loop” that could further destabilize the company.
Expert Warns Gemini Could Need Dilutive BailoutOnce those cash reserves are depleted, he said, the firm will likely need highly dilutive financing that would further erode shareholder value and prompt more investors to sell.
The announcement followed a series of senior departures: within weeks, the company’s chief operating officer, chief financial officer, and chief legal officer all left their roles effective immediately, stoking concerns about leadership stability.
Multi-Front CrisisOperational complaints from users have compounded the firm’s problems. Multiple customers reported account suspensions, difficulties withdrawing funds, unpaid referral bonuses, and poor customer service.
Kwok’s scenario of running through initial public offering cash and then facing dilutive financing rounds sketches a path that could accelerate capital flight and further depress the stock.
At the time of writing, GEMI had already closed Thursday’s trading session at around $4.59 per share, having recorded additional intraday losses of 7%. No catalyst that could help the stock’s performance has been disclosed yet.
Featured image from OpenArt, chart from TradingView.com
