Jim Cramer says Circle Internet stock is 'too hot' to buy up here

From cnbc.com Watch this video at https://www.cryptocraft.com/news/1345736-jim-cramer-says-circle-internet-stock-is-too.

CNBC’s Jim Cramer on Monday examined Circle Internet , a stablecoin issuer that made a splash during its market debut last week, saying he’d wait to buy the stock until it has retreated from recent highs. “Circle Internet Group’s a solid company, but the stock, right now, has gotten too hot for me. I can’t recommend it up here,” he said. “Why don’t you let it cool off before you even think about pulling the trigger.” Circle Internet founded USDC, a dollar-pegged stablecoin meant to act as fiat money on the internet. USDC is the second-largest stablecoin on the market behind Tether’s USDT . The stock opened at $69 last Thursday after being priced at $31, and shares soared 168% during the session.