🔴 CRCL is trading 3% down today amid ongoing post-IPO selloff and insider selling pressure

CRCL is trading at -3.15% now at $80.03, extending a multi-month plunge driven by waning initial momentum, valuation concerns, and the looming December lockup expiry.

• The drop extends a multi-month plunge from post-IPO highs above $298.
• The market cap has fallen from a peak of $70B.
• The significant decline is partially attributed to major investors, such as Cathie Wood, selling shares.