A post by @whale_alert on X.
100,000,000 $USDC (100,151,000 USD) burned at USDC Treasury
@whale_alert on X
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100 million USDC (worth $100,151,000) was burned at the USDC Treasury, according to on-chain tracker Whale Alert. Token burns at the Circle-issued USDC Treasury typically occur when redeemed tokens are removed from circulation, often signaling large holders or institutions cashing out stablecoins for fiat. The burn reduces USDC's circulating supply, which currently stands at roughly $60 billion across chains including Ethereum, Solana, and Base. Large USDC burns are closely watched as a gauge of stablecoin redemption activity and overall crypto market liquidity conditions. Market participants will monitor whether further burns follow, which could indicate sustained outflows from the dollar-backed stablecoin.
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Named in this story
USDC, USDC Treasury