As a London-based crypto analyst with a math-heavy background, I’ve dissected Circle’s post-IPO insider moves. IDG cashed out $68M but still holds 10.4%; ARK shed $350M yet keeps CRCL as core; CEO Jeremy Allaire converted shares to retain control while pocketing $46M. The real story? They didn’t just take profits—they engineered exit strategies that left over $1.2B in unrealized gains on the open market.