Circle's shares (NYSE: CRCL) hit a record high of $165.60 on June 16, ultimately closing slightly above $151. This represents an impressive rise of over 500% since the company's initial public offering on Nasdaq.
Arthur Hayes, the founder of Bitmex, has warned that Circle’s exceptional stock performance might be challenging to sustain in the future.
The surge in Circle's stock reflects a broader trend of increasing investor interest in stablecoins, highlighting the growing significance of these digital currencies in the financial market.
