After a big pump, female stock god Cathie Wood quickly cashed out by selling over 340,000 shares of Circle.

Golden Ten Data reported on June 17 that as Circle's stock price has risen sharply recently, some investors have begun to take profits, including Ark Investment, a well-known investor owned by Cathie Wood. After spending $373 million on Circle shares earlier this month, Ark has recently begun to partially reduce its holdings of the stock, according to position data released on June 16. The reduction comes at a time when Circle's share price is soaring. On June 17, its stock price briefly touched $165.60 intraday and finally closed at an all-time high of $151.06. Since going public on June 5 at an issue price of $31, its stock price has risen by about 387%. The reduction involved a total of 342,658 shares in Ark's three active ETFs, with a total value of approximately $51.7 million, or about 7.6% of Ark's initial position of 4.5 million shares. Despite the reduction, Ark now holds more than 4.15 million Circle shares, with a market capitalization of about $628 million at current prices, well above the initial investment of $373 million.