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South Korean Retail Investors Inject Nearly $450 Million into Circle Stock This Month
Summary: According to reports, Circle Internet Group (CRCL) has become the most popular overseas stock among South Korean retail investors in June, with a total investment of nearly $450 million. The company's stock price has surged over 500% since its listing on June 5, reaching a market value exceeding $77 billion, surpassing the total market value ...
According to reports, Circle Internet Group (CRCL) has become the most popular overseas stock among South Korean retail investors in June, with a total investment of nearly $450 million. The company's stock price has surged over 500% since its listing on June 5, reaching a market value exceeding $77 billion, surpassing the total market value of its stablecoin USDC ($61 billion). This phenomenon is attributed to South Korean President Lee Jae-myung accelerating the legalization reform of the Korean won stablecoin, with local fintech company KakaoPay seeing a 160% increase in its stock price during the same period. (CoinDesk)
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Link: South Korean Retail Investors Inject Nearly $450 Million into Circle Stock This Month [Copy]
