Coinbase (COIN) shares fell 5.7% in the previous trading session following revelations of significant insider selling and analyst downgrades.
CEO Brian Armstrong sold approximately $545.7 million in stock over the past nine months. Armstrong liquidated more than 1.5 million shares between April 2025 and January 2026 under a pre-arranged trading plan.
Wall Street sentiment shifted as JPMorgan lowered its price target on the stock. Analysts cited decelerating growth in the USDC stablecoin and softer cryptocurrency prices as primary drivers for the reduction.
The sell-off occurs as investors await Coinbase’s fourth-quarter and full-year 2025 financial results. The company will release the report after the market closes on February 12.