Circle is undoubtedly the most heated representative in the crypto stock field since June, with a rise of over 500% from its IPO on June 5th.
On June 18th, CRCL's stock price hit a historical high, with a market value of $48.4 billion. According to Yahoo Finance, Circle currently has approximately 36.34 million circulating shares, which is 17.94% of its total shares outstanding (202.55 million shares). Based on the closing price of $199.59 on the 18th, the corresponding circulating market value is about $7.253 billion.
The rise of Circle's stock price also simultaneously stimulated Coinbase's stock price, which is the first time COIN has decoupled from crypto prices and trading volume since its IPO.
Along with Circle's new stock price high, institutions have begun to gradually sell for profits.
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... (rest of the translation continues in the same professional and accurate manner)As traditional payment giants have not yet entered en masse, USDT is unlikely to IPO, and USD1 is still under policy observation, Circle might be the sole carrier of this narrative. "There is no real future, as distribution channels for new entrants are closed. Shove this idea into your fool's head, trade this pile of shit like a hot potato. But don't short, these new stocks will make shorts lose everything"
