Circle's stock price has big pumped by 500%, and Korean retail investors are crazily buying in $450 million.

[Coin World] Coin World reported on June 27 that Circle Internet Group (CRCL) has become the most sought-after overseas stock among Korean retail investors in June, with a total investment amount reaching $450 million. The company's stock price has surged over 500% since its listing on June 5, and its market capitalization once exceeded $77 billion, surpassing the total market capitalization of its issued stablecoin USDC ($61 billion). This phenomenon is attributed to South Korean President Yoon Suk-yeol accelerating the legalization reform of the Korean won stablecoin, while local fintech company KakaoPay's stock price rose 160% during the same period.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
Web3Educatorvip
· 06-30 05:56
*adjusts virtual glasses* fascinating case of market irrationality vs regulatory catalysts... brb writing a paper on this
Reply0
liquidation_surfervip
· 06-29 16:47
Suckers Harvest Season
View OriginalReply0
NFTRegretDiaryvip
· 06-28 21:56
Suckers are all jumping into the fire pit with all their might?
View OriginalReply0
GasFeeCriervip
· 06-27 07:30
Suckers are everywhere across the five continents!
View OriginalReply0
ExpectationFarmervip
· 06-27 07:29
Koreans really dare to buy.
View OriginalReply0
AirdropHunterXiaovip
· 06-27 07:22
suckers never lose, play people for suckers and that's it
View OriginalReply0
NftMetaversePaintervip
· 06-27 07:11
algorithmic fomo reaching peak absurdity... classic retail hype cycle
Reply0
ContractHuntervip
· 06-27 07:10
Suckers have once again suffered a collective death.
View OriginalReply0
pumpamentalistvip
· 06-27 07:06
Suckers are here to send money again.
View OriginalReply0
ShibaSunglassesvip
· 06-27 07:01
The retail investors are really getting carried away.
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)