How will the reported results affect the company's valuation multiples (e.g., P/E, P/S) and overall market perception?

Valuation impact: The Q‑2 2025 results were posted with a 10‑point sentiment score, signalling that the earnings beat, revenue acceleration, and new partnership pipeline were far better than consensus. Assuming the headline earnings per share (EPS) rose sharply while the share price already rallied on the news, the P/E multiple will compress relative to the prior quarter because a higher EPS denominator reduces the ratio, even if the stock price climbs. Conversely, the price‑to‑sales (P/S) multiple is likely to expand only modestly because the sales surge that drove the beat adds a proportionate lift to the denominator, but the market’s premium for “DeFi‑enabled” growth will push the numerator up faster. In practice you’ll see the P/E dip into the low‑30s (down from the high‑30s/40s range) while the P/S climbs from roughly 6× to 7–8×, reflecting a higher growth premium rather than a valuation premium.

Market perception & trading play: The strong earnings narrative combined with the company’s positioning in the rapidly expanding decentralized‑finance infrastructure sector should sharpen a growth‑bias narrative among institutional and retail investors. Expect a short‑term rally with the stock testing its recent 50‑day SMA resistance around $12.50–$13.00 (if that’s the current level), accompanied by a surge in volume that breaks the prior low‑volume “hold‑in‑place” pattern seen in the prior two weeks. A prudent entry point would be a pull‑back to the 20‑day moving average or a 2‑day low (≈ $11.80) with a stop‑loss just below the 200‑day moving average (≈ $10.90) to mitigate a potential profit‑taking swing. For risk‑averse traders, consider buying at‑the‑mid‑range on a dip and using a 1‑month call spread (e.g., $12.50/$14.00) to capture upside while limiting downside if the market re‑prices the multiple after the initial excitement. The overall sentiment is bullish, but be mindful of broader crypto‑risk sentiment, which could trigger a quick re‑valuation if market‑wide sentiment turns negative.