Few names lit up Wall Street in 2025 like one crypto sector’s breakout IPO.

It tore out of the gate last June, minted overnight winners, and quickly became the stock every trader wanted a piece of. For a few heady weeks, it looked unstoppable.

Today, the crypto stock trades at 66% below its all-time high.

One high-profile money manager hasn’t flinched, though. As the share price slid month after month, she kept buying, and the stock now ranks among her largest holdings.

Why Circle stock became a crypto market bellwether

Circle Internet Group isn’t a meme coin or a mining play. It’s the company behind USDC, the world’s second-largest stablecoin.

A stablecoin is a digital dollar. One USDC is always equal to one U.S….