Coinbase shares fell more than 17% over the course of the week.
The market cap of crypto 'securities' fell CryptoQuant's "SECurities" index fell about 14% following the lawsuit, while the market cap of bitcoin and ether has basically remained flat.
JMP noted that in the "securities" the SEC named, bitcoin and ether, which represented 55% of Coinbase's trading volume in the first quarter, were excluded.
Coinbase saw outflows of about 20 million of Polygon's matic token Tuesday afternoon, trading at about 73 cents by the end of the week.
The popular gaming token Axie Infinity, trading at about $6, saw outflows of about 32,000 coins Monday afternoon.
Persons:
Coinbase, Bitcoin, Jefferies, They're, Binance
Organizations:
SEC, Securities and Exchange Commission, Metrics, U.S, Sports
Locations:
U.S, Solana, Cardano, Coinbase