When Greed Outpaces Logic: Why Did Circle’s Insiders Cash Out $680M While You Still Believe in the Algorithm?

The Quiet Surrender of Wealth

I watched Circle’s IPO not as a financial event—but as a psychological unraveling. Every减持 was a whisper, not a shout. IDG sold $68M and still held 10.4%—not because they feared loss, but because they understood: the market’s noise wasn’t risk; it was their inner echo. In Chicago, where I grew up among quiet lakes and algorithmic solitude, we don’t chase returns—we chase meaning.

The Algorithm That Saw It Coming

General Catalyst sold \(104M at \)29.30—but when price hit $213.60? They didn’t miss profit—they missed peace. ARK Invest kept CRCL as core holding not because they believed in growth, but because they believed in control. Jeremy Allaire converted shares to B-class stock—not to get rich, but to stay sovereign over his own decisions.

The Silent Majority

CFO Jeremy Fox-Geen sold \(585K and kept options for six years—not out of greed, but from grief deferred. Nikhil Chandhok cashed out \)22M while keeping 60K shares: he didn’t flee wealth—he fled the illusion that markets reward those who listen loudest.

We think crypto is freedom—but too often, algorithms become cages for those who forget how to feel alone in its silence.

The real question isn’t ‘Who sold?’ It’s ‘Who still believes?’ And if you’re reading this at midnight… are you sure you know why you bought your first coin?