CoreWeave shares tumbled about 10% on Thursday after the end of the company’s post-IPO lockup allowed early investors to begin selling stock. The selling pressure came as roughly six months of restricted shares became eligible for trading, sparking a wave of profit-taking and short-selling activity. Market commentators said the expiry freed pre-IPO holders to liquidate positions, heightening volatility and raising concern that further declines could follow if additional stock comes to market. Traders noted heavy options activity targeting further downside, with the next technical support seen near $105.53. The selling spilled over to other recent listings, including CRCL, which fell about 7% in afternoon trading. The broader equity market remained firm, underscoring the idiosyncratic pressure facing newly unlocked names.