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Cathie Wood Exits Circle (CRCL) Position Amid Volatile Post-IPO Rally
Cathie Wood Exits Circle (CRCL) Position Amid Volatile Post-IPO Rally
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BTCCSquare news:
Circle Internet Group's CRCL shares plunged 15% on June 24, marking a sharp reversal after an 865% surge since its June 5 IPO at $31/share. The stablecoin issuer briefly touched $300 before the selloff accelerated.
ARK Invest's Cathie Wood executed well-timed disposals throughout the rally, including a 307,000-share sale at peak prices netting $90 million. Her fund previously liquidated 1.25 million shares for $243 million during the ascent.
The divergence between institutional profit-taking and retail enthusiasm highlights the volatility inherent in crypto-adjacent equities. Circle's trajectory mirrors the speculative fervor surrounding digital asset ventures in traditional markets.
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