CRCL Erupts on Wall Street With 674% Gain — Palihapitiya Calls IPO a $3B Giveaway

Wall Street is buzzing after CRCL, a newly public company, saw its stock skyrocket by a jaw-dropping 674% on its first trading day. But not everyone’s celebrating—investor Chamath Palihapitiya slammed the IPO as a "$3 billion giveaway," suggesting the deal heavily favored insiders. The wild price swing has traders and analysts scrambling to figure out whether this is a sign of market euphoria or a red flag.