Corcel PLC's stock (CRCL.L) soared by an unprecedented 16,689% on June 2, 2025, as traders mistakenly bought its shares, confusing it with Circle Internet's upcoming IPO. The error resulted in a trading volume of 135 million shares, far exceeding the usual 0.68 million average. Circle, set to list on the NYSE under the same ticker, CRCL, will launch its IPO on June 5, 2025, offering 32 million shares at a revised price range of $27 to $28. The IPO, managed by JPMorgan Chase and Goldman Sachs, has attracted significant interest from investors, including ARK Invest. Retail platforms report high demand, with some bids exceeding the expected price range, highlighting the strong market anticipation for Circle's public debut.