Circle Plummets 5% and Coinbase Dipped 4% as Analysts Warn of Overvaluation and IPO Hype
Circle Internet Corp. saw its stock plummet 5.14% in pre-market trading on Friday, marking a significant pullback for the recently listed stablecoin issuer. The drop comes amid growing concerns about the company's valuation and warnings from analysts about the sustainability of its post-IPO rally.Circle, which went public earlier this month, had seen its shares surge by nearly 600% from its initial offering price, pushing its market capitalization to a staggering $50 billion. However, this mete
