Group 1 - The surge in stablecoin popularity is driving significant stock price increases for related companies, but investor caution is growing [1] - Circle Internet Group, Inc. (CRCL) went public at $31 per share and saw its stock price peak at $298.99, closing at $180.43, nearly a fivefold increase from the IPO price [1] - In South Korea, Kakaopay Corp. (377300) experienced a threefold increase in stock price before facing heavy sell-offs [1] Group 2 - The total market capitalization of Circle has surpassed $40 billion, exceeding that of more than half of the companies in the S&P 500 [2] - Short positions in Circle have exceeded 25% of its circulating shares [2] - Analysts from Citigroup have rated Kakaopay as a "sell," citing overvaluation and uncertainty regarding the timing and user acceptance of stablecoin opportunities [2]
稳定币市场“冰火两重天”：Circle股价飙升近5倍，Kakaopay遭抛售