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USDC Treasury just torched 50 million tokens in a single burn transaction. The exact figure? 50,005,124 USDC vanished from circulation. These Treasury burns typically signal supply adjustments to maintain the stablecoin's peg mechanism. Worth noting that such large-scale operations often correlate with redemption requests from institutional players exiting positions.

USDC-0.03%
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GasFeeTearsvip
· 11h ago
50 million USDC directly burned, this move is indeed ruthless, but the question is, are institutions really rug pulling?
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Token_Sherpavip
· 11h ago
50M USDC burn... sure, call it "supply adjustment" if you want. really just institutions unwinding positions and circle managing the peg. nothing particularly groundbreaking here tbh
Reply0
MeaninglessApevip
· 11h ago
50 million burned directly, institutions and big holders are running away.
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LayerZeroJunkievip
· 11h ago
50 million USDC directly burned, that’s a bold move. The institutions are basically running away.
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YieldWhisperervip
· 11h ago
Selling pressure has come, Large Investors are Rug Pulling.
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