Circle's Meteoric Rise: Is It Time to Short After ARK's $96M Sell-Off?
The Circle Paradox: Fundamentals vs. Market Frenzy
Watching Circle’s (CRCL) stock chart since its June 5 IPO resembles observing a particle accelerator - except the only thing breaking light speed here is Wall Street’s appetite for crypto-adjacent narratives. The numbers speak for themselves: 500% gains in two weeks, a \(484B market cap (yes, that's more than Ford), and ARK Invest pocketing \)96M in profits while still holding $371M in positions.
Key Metrics at Glance:
- Current Price: $199.59 (June 18 close)
- Float: Just 17.94% of 202.55M shares outstanding UUSD Reserves Backing: ~$600B
Why Crypto OGs Are Scratching Their Heads
The irony is delicious - while retail traders FOMO into CRCL, crypto veterans who understand USDC’s mechanics are either:
- Reluctantly buying while holding their noses
- Paralysis-by-analysis victims who “knew the play but thought valuations were insane”
- Deribit’s Lin-type experts warning families away due to BlackRock’s BUIDL threat
As one X commentator noted: “You think crypto disrupts finance? Finance just joined crypto and disrupted your disruption.”
The Institutional Calculus
ARK’s moves reveal institutional pragmatism - taking 25% profit on portion of holdings while maintaining core exposure. Their remaining 4M shares (6.13% of ETF allocations) suggest they expect further upside despite:
- Single-revenue-model risks (USDC float income)
- Mounting competition from Trump-endorsed USD1 18-month lockup period for insiders creates artificial scarcity, forcing hedge funds to chase momentum. The result? A textbook gamma squeeze where fundamentals become irrelevant.
To Short or Not to Short?
Let me save you some pain: don’t. As Hayes warns, “Emotional premium is the most terrifying accelerator.” With:
- 180-day lockup limiting supply
- 5%+ annualized borrow fees
- Traditional investors viewing CRCL as “VISA 2.0” This trade has incinerated more capital than Luna Classic.
The Reality Check: Circle isn’t valued as a stablecoin issuer but as Wall Street’s tokenized entry point into crypto infrastructure. Whether that justifies 20x revenue multiples is irrelevant when you’re fighting Fed liquidity and meme-stock energy.
Bottom line? Watch Coinbase correlations, monitor BUIDL adoption, but leave the short book closed - for now.
BeanTownChain
Hot comment (5)
Der große Circle-Paradox
500% Gewinn in zwei Wochen? Selbst Tesla ist neidisch! Circle (CRCL) hat Wall Street mit USDC-Magie verzaubert – oder sollten wir sagen verrückt gemacht?
Warum Crypto-OGs verwirrt sind
Während Retail-Trader FOMO bekommen, zucken die alten Hasen nur mit den Schultern: „BlackRock’s BUIDL kommt doch eh bald.“ Aber hey, wer braucht schon Fundamentaldaten, wenn man stattdessen einen guten alten Gamma-Squeez haben kann?
ARK’s genialer Move
96 Millionen abkassieren, aber trotzdem noch 371 Millionen halten? Das nenne ich mal „sich die Sahne abschöpfen und den Kuchen trotzdem behalten“. Vielleicht sollten wir alle einfach ARK kopieren… oder doch nicht?
Fazit: Shorten? Lieber nicht. Wie Hayes sagt: „Emotionale Prämien sind gefährlich.“ Also lasst uns zurücklehnen und den Wahnsinn genießen – mit Popcorn.
Was meint ihr? Springt ihr auf den Zug auf oder wartet ihr auf den Crash?
Circle đang bay lên như tên lửa SpaceX
Nhìn biểu đồ CRCL từ khi IPO mà cứ ngỡ Elon Musk lại phóng thêm tên lửa! 500% tăng trưởng trong 2 tuần, vốn hóa vượt cả Ford - điều này khiến các ‘lão làng’ crypto chỉ biết gãi đầu.
Nghịch lý thú vị
Retail trader thì FOMO vào CRCL như đi chợ xuân, trong khi các chuyên gia USDC lại nhăn mặt mua vào. Như một bình luận trên X: ‘Tài chính truyền thống vừa đâm vào crypto và phá hỏng luôn cú đâm của bạn!’ 😆
Đừng dại mà short
Theo kinh nghiệm 7 năm crypto của tôi: đừng! Phí vay >5%/năm + thiếu nguồn cung do lockup = công thức hoàn hảo để… cháy túi. Circle giờ được xem như ‘VISA 2.0’ - dù giá trị thật hay bong bóng thì momentum vẫn là ông hoàng.
Các bạn nghĩ sao? Mua tiếp hay chuẩn bị… dù?
Gila Nih CRCL! 🚀
Beli saham Circle (CRCL) itu kayak naik rollercoaster tanpa sabuk pengaman - dari IPO langsung ngegas 500% dalam 2 minggu! ARK Invest udah kantongi untung \(96 juta tapi masih pegang \)371 juta.
Yang bikin geleng-geleng:
- Market cap-nya lebih gede dari Ford!
- Trader kripto veteran pada bingung mau beli atau enggak
- Fees shorting-nya 5% per tahun, lebih bahaya dari main api!
Kayanya mending jadi penonton dulu deh… Kalian setuju? 😂
When Stablecoins Aren’t So Stable
Watching Circle’s stock is like seeing a yoga instructor on Red Bull - supposedly grounded but moving at ridiculous speeds! 500% in two weeks? At this rate, USDC might stand for ‘Unbelievably Spicy Dollar Crazy’.
ARK’s Genius Play: Take \(96M profit while still holding \)371M? That’s like eating your cake and having it fund another bakery. Meanwhile, crypto OGs are either:
- Buying while holding nose clips
- Paralysis-by-spreadsheet victims
- Yelling ‘I told you so!’ at their screens
As Hayes wisely warned: emotional premiums burn faster than LUNA. Maybe we should value CRCL in memes instead of multiples?
So…still thinking about shorting? laughs in 180-day lockup
Circle’s Stock: A Rollercoaster You Didn’t Buy Tickets For
Watching Circle’s stock is like seeing a crypto-themed amusement park where the rides have no safety checks. 500% gains in two weeks? That’s not investing; that’s betting on a meme coin with a suit on.
The Irony Buffet Crypto OGs are either holding their noses while buying or paralyzed by analysis. Meanwhile, ARK Invest is casually pocketing $96M like it’s loose change. Talk about a plot twist!
Short Sellers Beware Thinking of shorting? Good luck! With 180-day lockups and 5% borrow fees, you might as well try to stop a rocket with a water pistol.
So, is it time to short? Let’s just say… maybe grab some popcorn instead. 🍿
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