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ARK Invest Cashes Out $95M in Coinbase Shares After COIN’s Meteoric Rally to All-Time Highs
ARK Invest Cashes Out $95M in Coinbase Shares After COIN’s Meteoric Rally to All-Time Highs
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ARK Invest just made a power move—liquidating $95 million worth of Coinbase (COIN) shares as the crypto exchange's stock hit record-breaking valuations. Cathie Wood's firm demonstrates its signature 'buy high, sell higher' strategy in action.
The sell-off comes as institutional FOMO reaches fever pitch. COIN has surged over 300% since January, outpacing even Bitcoin's bullish run. Traders are now watching whether this marks a local top or just profit-taking before the next leg up.
Wall Street analysts are divided: 'This is either brilliant portfolio rebalancing or another case of premature profit-taking from the queen of disruptive tech,' quipped one hedge fund manager while adjusting his own position.
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