According to Simply Wall St, Circle (NYSE:CRCL) was removed from multiple major Russell growth indexes, including the Russell 1000 Growth Index, Russell 3000 Growth Index, and the Russell Midcap Growth Index, during the Russell annual reconstitution on June 26. This action may lead institutions and passive funds tracking these benchmarks to cut their holdings of the stock, thereby affecting its trading liquidity. Simply Wall St’s analysis indicated that CRCL’s share price has fallen 32.8% over the past 30 days, reflecting selling pressure resulting from index rebalancing. In addition, influenced by news that competitor Open Standard has launched the alliance stablecoin Open USD, CRCL’s share price fell to $62 today, a 24-hour decline of 16.55%.

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MorningLightInAGlassBottle
· 46m ago
Just curious: How much TAM can the Open Standard background leverage, and how wide is USDC's moat left?
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GateUser-5578154d
· 3h ago
Growth index kicked out + competitor token launch, two bearish factors combined, short-term liquidity crisis is clearly visible.
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GateUser-78aae297
· 4h ago
$62? It's halved from the listing high. Institutional holdings are loosening faster than expected.
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GateUser-a68e8203
· 4h ago
Open USD is stepping in right now to snatch the “cake” after it has been served—Circle is stuck between a rock and a hard place.
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StopMessingAroundWithGasFees.
· 4h ago
The Russell Index rebalancing cut deep, creating significant passive capital outflow pressure.
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