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Cathie Wood’s Ark Invest Dumps Circle Stock Within 10 Days, CRCL Jumps 13%

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Summary
Nutrition label

63% Informative

Cathie Wood led Ark Invest dumped nearly 300,000 shares of stablecoin firm Circle (CRCL) within just days of its acquisition following its IPO .

Ark Invest sold 288,677 Circle shares across two different funds ARK Innovation ETF (BATS: ARKK) and ARK Next Generation Internet ETF (ARKW) Circle stock surged by another 13% on Monday , reclaiming the $ 150 levels, clocking nearly 5x gains from its IPO price.

BitMEX CEO believes that Circle has the potential to become a US Treasury company.

VR Score

44

Informative language

33

Neutral language

8

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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