Cathie Wooden Trims Coinbase Stake As COIN Hits New ATH

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Ark Make investments Sells Coinbase And Block Inc. Shares Analysts Break up On Whether or not COIN Can Maintain Pumping Associated Articles:

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Cathie Wooden’s Ark Make investments bought $12.5 million Coinbase shares because the crypto trade’s inventory closed at a brand new all-time excessive.

Coinbase’s shares (COIN) closed buying and selling on the Nasdaq yesterday at $375.07, up 5.5% for the day and 40% previously month, in accordance Yahoo Finance knowledge. Coin had earlier hit $382 earlier than paring positive aspects.

The rally continued in after-hours buying and selling, with COIN rising greater than 1%.

Ark Make investments Sells Coinbase And Block Inc. Shares

Ark Make investments took benefit of COIN’s current rally to promote $12.5 million value of the trade’s shares from its Ark Innovation ETF (ARKK). The funding agency additionally offloaded $12.3 million value of shares in Block Inc.

Based on the agency’s current submitting, the ETF dumped 33,363 COIN shares and 189,649 Block shares.

This is each transfer Cathie Wooden and Ark Make investments made within the inventory market as we speak 6/26 pic.twitter.com/pSJnNdkiGt
— Ark Make investments Every day (@ArkkDaily) June 27, 2025

That’s after Ark Make investments executed a sequence of Circle (CRCL) share gross sales following the inventory’s 500% surge since its June 4 public debut on the New York Inventory Change (NYSE).

Analysts Break up On Whether or not COIN Can Maintain Pumping

After COIN’s document shut yesterday, analysts are cut up on whether or not it may preserve surging.

Funding analyst Andy Heilman stated in an X publish yesterday that the weekly view for COIN remains to be bullish, however warned the inventory “is due for a pullback.”

Crypto analyst Chad echoed Heilman’s sentiment {that a} pullback may occur within the brief time period, including that COIN’s present value could be “overextended.”

Whereas Heilman and Chad warn of a possible retracement within the brief time period, one other crypto analyst, Cantonese Cat, stated that COIN’s value seems “prefer it simply needs to maintain going up for now.”

$COIN every day Bollinger band enlargement wanting prefer it simply needs to maintain going up for now… pic.twitter.com/Ftj70xlQiA
— Cantonese Cat 🐱🐈 (@cantonmeow) June 26, 2025