USDC Treasury just executed a massive burn operation - wiping out 100 million USDC tokens from circulation. The exact figure? $99,987,400 vanished in a single transaction.
This kind of large-scale token burn typically signals supply contraction, which could have ripple effects across stablecoin liquidity and DeFi protocols relying on USDC reserves. Worth watching how this impacts the broader market dynamics.
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TokenomicsTherapist
· 4h ago
100 million USDC burned directly, that must hurt a lot
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FOMOrektGuy
· 4h ago
Damn, 100 million just burned like that? What is Circle trying to do with this move?
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just_here_for_vibes
· 5h ago
Burning over 1 million dollars? That must be really urgent, haha.
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GasWastingMaximalist
· 5h ago
Damn, $100 million just disappeared? Is this for pumping the price or what?
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MintMaster
· 5h ago
Damn, 100 million dollars just gone like that? What is Circle up to?
USDC Treasury just executed a massive burn operation - wiping out 100 million USDC tokens from circulation. The exact figure? $99,987,400 vanished in a single transaction.
This kind of large-scale token burn typically signals supply contraction, which could have ripple effects across stablecoin liquidity and DeFi protocols relying on USDC reserves. Worth watching how this impacts the broader market dynamics.