Massive $250 million USDC mint hints the bull market is back today – Buy time?
Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back. As detailed by Whale Alert ( @whale_alert , on X), the mint occurred on Solana, costing 0.00031 SOL in fees. The receiver address was the pre-labeled USDC Treasury account, which currently has a $474.41 million balance, as per SolanaFM . USDC Treasury account | 3emsAVdmGKERbHjmGfQ6oZ1e35dkf5iYcS6U4CPKFVaa. Source: Whale Alert Interestingly, over $10 billion of the $55 billion capitalization of USDC was minted in the last 30 days. This represents a significant share of the available tokens, according to usdc.cool , who called the data “INCREDIBLE.” Picks for you Flare launches Flare Fair, a virtual DeFi fa...