Securitize’s SECZ token market capitalization fell from a high of $430.4 million on September 28 to $208.6 million, according to Token Terminal. Over the same period, tokens linked to Circle shares gained about 20%, reaching $383.6 million and reclaiming the top spot in the $3.3 billion tokenized stock market. The decline accompanied a sell-off in Securitize’s underlying shares on the New York Stock Exchange, which closed Friday down 2.1% at $7.80. Citi downgraded SECZ from Buy to Neutral on October 13 amid concerns about tokenization revenue.
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