Circle Internet Financial’s stock blasted off on its first day of trading, soaring from a modest $31 to an audacious $94.84. By 3 p.m. Eastern time, the CRCL ticker was rocketing upwards at $80.19, representing an eye-popping 158% gain.
Wall Street Gets a Front-Row Seat to the Circus—Thanks to Circle’s Stablecoin Spectacle
As of the latest ticker readings, Circle’s debut on the New York Stock Exchange (NYSE) saw its market cap swelling to a dizzying $16.79 billion. The demand was so intense on Thursday that, by mid-afternoon, the trading volume had surpassed $34 million—$34,355,443 to be exact. A truly thrilling performance!
On social media, the chatter was incessant as users reacted to the whirlwind debut. “Circle trading at $85 up from $31 IPO price,” tweeted crypto advocate Yano. “Every investment bank and CEO is looking at this number thinking, ‘It’s go time.’ Prepare yourselves for an avalanche of crypto IPOs,” Yano mused, clearly anticipating the next round of absurdly profitable ventures.
Others, however, had a lighter take on the situation. One clever quip read:
Imagine Gensler skimming through the WSJ, stumbling upon Circle’s IPO news. Priceless!
Meanwhile, Alex Thorn, head of research at Galaxy Digital, reflected on the saga, sharing his thoughts: “When I first met the Circle team back in 2018 (at Fidelity), and they explained their pivot to the idea of a ‘stablecoin,’ I thought they were a bunch of dreamers. How wrong I was! It’s incredible for them to go public after over a decade of experimentation in the crypto wilderness. Epic, indeed.”
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2025-06-05 23:35