Word on the street suggests a major shake-up in the crypto data space: CoinGecko is in talks for a potential exit, with top advisory firm Moelis brought in to handle negotiations. The target valuation? Around $500 million.

If this goes through, we're looking at the biggest data platform exit in crypto since 2020, when Binance snapped up CoinMarketCap for $400 million. That's the scale we're talking about here.

CoinGecko has built itself into one of the industry's go-to sources for market data and analytics. A deal at this valuation would signal serious investor appetite for established crypto infrastructure plays.