A significant 250 million USDC was minted at the USDC Treasury, according to blockchain tracker Whale Alert. This minting followed a $250 million deposit into Circle's reserves, leading to the creation of an equivalent amount of USDC tokens. The substantial minting is viewed as a potential indicator of institutional or whale activity, suggesting preparations for major investments, DeFi operations, or increased exchange liquidity.
250 Million USDC Minted, Indicating Institutional Demand
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