📈 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 .

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