Crypto Stocks Rally Across the Board — But Coinbase Slips as ARK Invest Trims Holdings

TradingKey – While crypto-related equities surged on Monday, Coinbase (COIN) bucked the trend, slipping nearly 1%, raising concerns that Cathie Wood’s ARK Invest may be cooling on the stock.

Among the day’s top gainers:

- Bitmine Immersion Technologies (BMNR) skyrocketed 694%,

- Robinhood (HOOD) jumped nearly 13%,

- SharpLink Gaming (SBET) rose 6.09%, and

- MicroStrategy (MSTR) climbed over 5%.

Coinbase Stock Price Chart – Source: TradingView.

Coinbase had previously surged over 5% last Thursday, hitting a four-year high of $382, but has since lost momentum. The pullback has prompted comparisons to Circle (CRCL), which also saw a sharp reversal after a parabolic rise.

On Monday, ARK Invest offloaded more than 120,000 shares of Coinbase, worth approximately $43.8 million, signaling a potential shift in sentiment. This mirrors ARK’s recent strategy with Circle — where it trimmed its position during the rally, followed by a steep decline in CRCL’s stock price. (To see how much Coinbase stock Cathie Wood still holds, please check out the star investors )

Investors are now watching closely to see whether Coinbase will follow a similar trajectory, especially as institutional positioning and regulatory developments continue to shape the crypto equity landscape.