After Coinbase fell from a market cap of $110 billion to $79.8 billion, it was unexpected that the first to panic were the old shareholders of Kraken. In the past two or three days, there have been intensive messages among peers about transferring Kraken shares, with valuation quotes generally in the range of $14 billion to $15 billion. However, this is still about 2 to 3 times the valuations of $5.5 billion and $7.5 billion from early last year. The traditional market is very optimistic about the valuation quotes for cryptocurrency companies that are about to go public.