Announcements Gate Research: Circle Surges Over 160% on IPO Debut | Musk and Trump Clash

Gate Research: Circle Surges Over 160% on IPO Debut | Musk and Trump Clash

2025-06-06 04:24:40 UTC 72857 Read

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BTC has dropped 2.75% in the past 24 hours, currently trading at $102,126, with $292 million in net outflows from BTC ETFs yesterday. ETH has dropped 7.29% over the same period, now priced at $2,429, with a market dominance of 9.2%. Altcoins have seen broad declines, with some tokens returning to cycle lows. Circle surged 168.48% on its first day of trading, with a total volume of $3.941 billion. A public clash between Elon Musk and Donald Trump triggered sharp sell-offs in both U.S. equities and the crypto market.

- Market Commentary: BTC is down 2.75% in the past 24 hours, currently at $102,126. ETH is down 7.29%, now at $2,429.
- Trending Tokens: Top-performing altcoins in the past 24 hours include RVN (+32.35%), FARTCOIN (+11.26%), and HUMA (+7.36%).
- Alpha Insights: Circle soared 168.48% on its trading debut with a $3.941 billion turnover. A dispute between Musk and Trump triggered sharp declines in equities and crypto. 83.4% of creators on Pump.fun have earned less than $1,000 from revenue sharing.
- Gate Launchpool: LayerEdge is now live on Gate Launchpool. Users who stake BTC, ETH, or GT before June 9, 2025, 20:00 (UTC+8) can claim free EDGEN tokens from a pool of 7.5 million EDGEN.

Explore Today’s Highlights → <a href="https://www.gate.com/learn/articles/gate-research-circle-surges-over-160-on-ipo-debut-musk-and-trump-clash/9383" target="_blank">Gate Research: Circle Surges Over 160% on IPO Debut | Musk and Trump Clash</a>

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Jun 6th, 2025
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Gate Research: Circle Surges Over 160% on IPO Debut | Musk and Trump Clash

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