{"id":40520,"date":"2025-08-05T13:31:31","date_gmt":"2025-08-05T13:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40520"},"modified":"2025-08-05T13:31:31","modified_gmt":"2025-08-05T13:31:31","slug":"coinbase-circle-metaplanet-stocks-tumble-whats-driving-the-decline","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40520","title":{"rendered":"Coinbase, Circle, Metaplanet Stocks Tumble: What&#8217;s Driving The Decline?"},"content":{"rendered":"<div>\n<p>A wave of sharp drawdowns across crypto-exposed equities like <strong>Coinbase <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>), <strong>Circle <\/strong>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CRCL#NYSE\">CRCL<\/a>), and <strong>Metaplanet <\/strong>(OTC:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MTPLF#OTC\">MTPLF<\/a>) is pointing to a broad market <a href=\"https:\/\/www.benzinga.com\/crypto\/25\/08\/46823971\/how-coinbase-robinhood-circle-could-benefit-from-the-secs-new-project-crypto\">rejection of inflated valuations<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>The declines, driven less by macro headwinds and more by overpayment for narrative-driven exposure, are triggering a necessary reset in how investors price crypto&#8217;s equity proxies, according to <strong>10x Research<\/strong>.<\/p>\n<p>Crypto equities are undergoing a painful repricing. <\/p>\n<p>Shares of major crypto-linked companies, including Coinbase, Circle, Japan&#8217;s Metaplanet, and South Korea&#8217;s <strong>Kakaopay<\/strong>, have posted losses of up to 50% from recent highs, a collapse fueled not by systemic failures, but by investor realization that the premium they paid for exposure to digital assets was detached from financial fundamentals.<\/p>\n<p>Metaplanet, once touted as Japan&#8217;s \u201c<strong>Strategy <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) proxy,\u201d has seen its stock plunge over 50% from its June peak. <\/p>\n<p>The company had benefited from local programs like the NISA tax shelter and speculative retail flows anticipating crypto ETF approvals and a friendlier tax regime in Japan. <\/p>\n<p>However, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/46856565\/coinbase-circle-metaplanet-stocks-tumble-whats-driving-the-decline\" alt=\"Coinbase,\" circle metaplanet stocks tumble: what driving the decline>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A wave of sharp drawdowns across crypto-exposed equities like Coinbase (NASDAQ:COIN), Circle (NYSE:CRCL), and Metaplanet (OTC:MTPLF) is pointing to a broad market rejection of inflated valuations. What Happened: The declines, driven less by macro headwinds and more by overpayment for narrative-driven exposure, are triggering a necessary reset in how investors price crypto&#8217;s equity proxies, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40520","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40520"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40520\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}