📈 Circle Stock Surges +20% Despite Cathie Wood Sell-Off
Stock pops 20% today, riding a wave of excitement after last week’s +80% rally—now trading around $300, which is roughly 10× its IPO price .
The surge comes despite Cathie Wood’s ARK Invest offloading ~$110 million worth of shares in Circle .
🔍 Why It Still Rallied
1. Stablecoin Momentum
Circle is the issuer of USDC, the world’s #2 stablecoin (~$60 B market cap). Senate’s GENIUS Act boosted regulatory sentiment .
2. Strong Fundamentals
Q1 revenue rose ~58% to $578M, with profits up ~32%—a clear sign of growing business strength .
3. IPO Base Forming
After a volatile IPO launch (+168% day-one), CRCL is consolidating, forming a classic base setup—setting the stage for the next breakout .
4. ARK’s Moves = Credibility
Despite selling some CRCL shares, Cathie Wood’s ARK still holds millions + vaulted it onto IBD’s leaderboard—signaling institutional support .
