GEMI shares briefly traded above $40 to give Gemini a valuation of $4.75 billion, before paring gains to close at $32 with a valuation of about $3.8 billion. GEMI price chart (Source: Yahoo Finance)Gemini’s Debut Mirrors The Performance Of Other Crypto IPOsThe volatility seen during Gemini’s debut trading day mirrors the first trading sessions of other crypto listings this year. USD Coin (USDC) stablecoin issuer Circle also saw its share price go parabolic shortly after its public market debut. Speaking in an interview with CNBC yesterday, the exchange’s co-founders said that the crypto market is still in its early stages. Since then, the crypto market leader’s price has gone parabolic, and trades at $115,768.77 as of 1:00 a.m.