The female stock god has dumped Circle for a cash-out of 240 million CRC for three consecutive days, and the market capitalization of CRCL has approached 95% of the issuance of USDC.

As shares of USDC issuer Circle soared, ARK Invest cashed out $243 million in three days. (Synopsis: From on-chain to Wall Street: Circle leads the skyrocketing, and these 13 crypto giants line up for IPO) (Background supplement: Chinese state media sings about the instability of US stablecoins: Circle listing bubbles, US debt default will lead to decoupling) On the 20th, the US dollar stablecoin USDC issuer Circle (CRCL) once again hit a record high, once approaching At $250, it closed slightly back at $240.28, soaring 125% in the past 5 trading days, and the total market capitalization broke through $58 billion (approaching 95% of USDC issuance). Just when the market heat was heating up, ARK Invest, led by Cathie Wood, sold a total of 1.25 million shares for three consecutive days, earning $243 million, which became the focus of market attention. ARK Reduction Trend A look at ARK sold shares three times on June 16, 17 and 20: many of its funds sold 342,700 shares, 300,100 shares and 609,200 shares respectively, with a single-day amount between 44.7 million and 146 million US dollars (a cumulative amount of about 243 million US dollars), and the original part shrank by about 29% after the reduction. However, according to Bloomberg data, ARK still holds about 3.2 million shares with a market value of $750 million, ranking eighth among Circle's top ten shareholders, and CRCL is still the largest position in the ARK W fund, with a weight of about 7.8%. Locking in rewards and taking into account risks For selling stocks, the outside world generally interprets ARK's move as "first harvest part of the profit, and then diversify the risk". According to Investing.com reports, while reducing the size, ARK increased the weight of AMD, TSMC and Shopify and other technology stocks, showing that funds are rotating to different sectors. For the average investor, in the face of stocks that have soared nearly three times in a short period of time, how to balance growth stories and risk control is a more important issue than chasing gains. Related reports Circle stock price broke through $200 to hit a new high! CRCL market cap has approached USDC issuance 80% Arthur Hayes Full text: Circle is grossly overvalued, but I advise you not to short Circle's stock price pulled 22% above $160 to continue to hit a record high! CRCL rose more than 420% in nine days, and the agency looked at $300 (the female stock god sold Circle for three days to cash out 240 million magnesium, and the market value of CRCL has approached 95% of USDC issuance) This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".