Investors Are Dumping These 10 Stocks

7. Circle Internet Group (NYSE:CRCL)

Circle Internet pulled back by 7.28 percent at intraday trading on Thursday at $108.67 apiece as investors continued to take profits after rallying as high as 347 percent in just the past seven trading days.

The recent price surge reflected strong investor confidence, further supported by its successful raising of $1.1 billion in fresh funds through an upsized initial public offering.

On Wednesday, Circle Internet Group (NYSE:CRCL) announced that its underwriters fully exercised the option to purchase 5.1 million of its shares, bringing its total proceeds to $1.1 billion.

Circle Internet Group (NYSE:CRCL) joined Coinbase, MARA Holdings, and Riot Platforms in the US stock exchange’s few pure-play cryptocurrency companies.

“We’ve been one of the most licensed, regulated, compliant, transparent companies in the entire history of this industry, and that’s served us well,” said Circle Internet Group (NYSE:CRCL) CEO Jeremy Allaire in an interview with CNBC.