Circle Stock Falls 68% From June Peak Ahead of Friday Lockup Expiry
Circle (CRCL), issuer of the USDC stablecoin, has seen its stock decline 68% from its June 23 peak of $298 to around $82. The company faces its lockup period expiration this Friday, two days after third-quarter earnings release. Analysts warn that historical data shows 58% of outperforming IPOs underperform post-lockup.