On-chain data from Lookonchain reveals a substantial liquidity injection into the crypto market over the past month. Circle, the issuer of $USDC , has minted 5.5 billion USDC on the Solana network, a move often associated with fresh capital inflows into digital assets.
The consistent mints, ranging from $250 million to $750 million at a time, indicate a steady supply of stablecoins entering circulation. Historically, such large-scale issuances have preceded bullish momentum in leading cryptocurrencies as traders deploy this liquidity into spot and derivatives markets.
#Ethereum has already responded positively, climbing to $4,744 with a 2.6% daily gain. Over the last few weeks, ETH’s price action has been supported by strong demand, and the newly minted $USDC could act as a catalyst for a push toward new highs if the trend continues.
Lookonchain
Market participants often track stablecoin issuance closely, as it serves as a leading indicator of potential buying pressure. With billions of dollars in USDC freshly minted, the conditions for sustained upward movement in Ethereum and other major assets appear increasingly favorable.
Whether this liquidity will be deployed aggressively into $ETH or spread across multiple assets remains to be seen, but the scale of the inflow has put traders on high alert for the next breakout.
