Circle Just Went Public — And It Popped 200%

Written by Louis Sykes, Senior Crypto Analyst at All Star Charts in partnership with Spot Trading

Crypto used to live in the shadows — off-exchange, unregulated, and miles away from traditional finance.

But those lines keep blurring.

And now, one of the biggest players in crypto just stepped onto Wall Street’s main stage.

Circle Internet Group, the company behind the $USDC stablecoin (which incidentally is used as buying power on Spot) completed its long-awaited IPO yesterday under the ticker $CRCL.

Shares exploded +200% on the first day of trading.

That makes it one of the most successful fintech IPOs in recent years, and a major moment in crypto’s integration into the public markets.

But this isn’t just a speculative pop.

Circle is profitable. Last quarter, it reported $65M in net income. That’s real cash flow, something rare in both crypto and fintech.

Still, at an $18B valuation, Circle is now trading at a 70x earnings multiple, nearly double that of Coinbase.

Investors are betting big. Not just on Circle, but on stablecoins as the future of payments.

What This Means for You

Big crypto companies used to raise capital in private token rounds or through backroom deals.

Now they’re ringing the bell at the NYSE.

This is what absorption looks like. It’s not just hedge funds buying Bitcoin. It’s Wall Street opening the doors to crypto-native businesses and giving them prime-time exposure.

And when that happens, it brings legitimacy. Flows. Attention.

But it also brings risk.

Historically, major crypto IPOs — from Coinbase to Bitmain — have marked short-term tops.

When valuations go parabolic, expectations often do too.

That doesn’t mean the party’s over.

It means you need to be selective.

See What’s Moving on Spot Trading Today - Circle?

Circle’s IPO is a signal.

Crypto infrastructure is going public. Stablecoins are becoming payment rails. And traditional investors are piling in.

But public markets move slowly. By the time an IPO hits, most of the growth is already priced in.

That’s why we focus on what’s next.

Spot Trading gives you access to coins, sectors, and protocols that aren’t on Wall Street’s radar yet — but will be.

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President vs Elon: The Memecoin Cage Match

Yesterday, the world’s smartest man and the world’s most powerful man got into a catfight on X — and the memecoin trenches lit up like it was a presidential debate on bath salts.

Traders did what they do best: spun up $PVE, $MUSK, $POTUS, and $KILLBILL — and we saw multi-thousand percent moves in minutes.

The names of the memes were also electric.

Top movers on Spot:

• President vs Elon – $PVE up +46,732%

• Official Musk — $MUSK up +9,644%

• Kill Bill – $KILLBILL up +267%

• Pedo of the United States – $POTUS (lol) up +136%

Were most of them pump and dumps? Absolutely.

But that’s the game in moments like these — max attention, max volatility. 

Who ya got?

Smartest man alive or most powerful man in the world?

Markets picked both. Bags were made. Bags were lost.

But one thing is clear — if you’re not on Spot when it happens, you’re late.