CoinGecko's founder has responded to rumors that the platform is exploring a potential sale at a valuation of approximately $500 million, with investment bank Moelis reportedly engaged as an advisor.
The discussions reportedly began in late 2025, coinciding with a surge in crypto mergers and acquisitions that reached record levels that year and has continued into the current year.
CoinGecko Co-Founder's Statement on Sale Rumors
In a post shared on X, Bobby Ong, one of the platform's co-founders, acknowledged the numerous questions arising from recent media reports.
He expressed gratitude for the evident interest and stated that as a growing and profitable company, he and his co-founder, who have been managing the platform for over a decade, regularly assess "strategic opportunities to strengthen our business and accelerate our mission."
Ong asserted that the company is currently operating from a position of strength and is also keenly aware of the increasing, profitable, and rising institutional demand.
He commented, "While we don’t comment on specific discussions, we’re excited about possibilities that help us serve users better and support the institutional adoption of crypto." He added that for the time being, CoinGecko will continue to operate "business as usual" without any changes to their operations or data delivery.
Ong concluded the post by thanking users for their ongoing support. However, many noted that the post did not explicitly deny the possibility of a sale, nor did it confirm it.
This ambiguity could indicate the company's openness to opportunities, as stated. It does not, however, dispute the company's stability and profitability. It might even be interpreted as an invitation for interested parties to submit higher offers.
Nevertheless, these are currently matters of speculation.
In the comments section, users offered advice, suggesting the founders consider going public to allow retail investors to participate. Others expressed a strong desire for the platform to remain unchanged, fearing that significant alterations could compromise data quality.
Increased Crypto M&A Activity Since 2025
Mergers and acquisitions have increased since institutions began taking the cryptocurrency industry more seriously. CoinGecko, however, remains notable as one of the longest-standing relevant platforms that has successfully avoided external funding.
According to a recent report by Architect Partners, crypto M&A activity hit record highs in 2025, with deals related to crypto investments constituting approximately 27% of the total activity.
This trend shows no signs of abatement this year, with reports of Strive seeking shareholder approval for its acquisition of Semler Scientific. Significant M&A transactions in 2025 included Kraken's acquisition of NinjaTrader for $1.5 billion and Ripple's $1.25 billion takeover of Hidden Road.
Even CoinMarketCap, a platform comparable to CoinGecko in data analysis capabilities, accepted external funding as early as 2020 when it was acquired by the major exchange Binance for an estimated $400 million.
The platform continues to provide valuable news and credible data. However, given the circulating rumors and Ong's non-committal statement, users are now questioning how long CoinGecko will continue to resist external funding.