Circle is a company that flip-flaps more than any other company in the industry. Remember they launched a buy/sell/wallet offering in 2014/2015 only to ‘can it’ and disable buys/sells 18 months later. Forcing people to move their coin of their platform.

Then reopened itself to buys/sells in 2018. Then sold that business in 2020.

Hard to not see them cashing out here before they get swallowed-up or outcompeted by an upcoming dollar stablecoin. A company that follows/rides trends, and with a track record of cashing-out when it suits.