Circle Internet Group hasn’t behaved like a normal stock since going public on June 5. As of Friday’s close, shares of the stablecoin-issuer have risen more than 450% to $180.43 from their initial public offering price of $31.

Several Wall Street analysts on Monday launched coverage of Circle Internet Group, following the stablecoin issuer's initial public offering earlier this month.

The stock CRCL pulled back 5.2% in midday trading Tuesday, after soaring 76.6% over the past three sessions. If the loss holds, it would only be the fourth decline since the stablecoin issuer went public on June 5.