🔥 USDC Treasury burns $150,000,000! 🔥
Binance reports: according to Whale Alert, at 22:42 (UTC+8) 150 million USDC$USDC were destroyed on Ethereum. 😳$ETH
📉 This could mean: • Decreased demand
Maintaining the dollar peg
• Or large transfers/operations between Circle structures
💡 We are monitoring stablecoin movements — this is often a precursor to major changes in the market.