Hold onto your hats, folks! 🎩 The USDC Treasury has just minted a whopping $795.72 million on Solana and Ethereum blockchains! 🤑
- Minting frenzy: USDC Treasury strikes again with $250 million on Solana and $545.72 million on Ethereum! 💸
- Stablecoin market sentiment is through the roof! 📈 Seven-day high exchange outflow and transaction volume suggest increased OTC trading and DeFi usage! 💼
Will this newfound liquidity send Bitcoin and other cryptocurrencies to the moon? 🚀 Let’s dive in and find out!
Stablecoin market: The new kid on the block
Stablecoins are the talk of the town, bridging the gap between digital assets and fiat money. 💱 With Real World Asset (RWA) tokenization on the rise, stablecoins are expected to fuel the growth of the digital asset ecosystem in 2025!
On-chain insights, whale activities, and market demand
USDC has experienced a 0.76% network growth and a neutral (-1.48%) change in large transactions in the last 7 days. 📉 With 17% of current USDC holders in profit, 71% at cost, and 12% at loss, the market sentiment is predominantly bullish! 🐂
Negative Exchange Netflow suggests increased OTC trading, DeFi usage, and flow into non-custodial wallets. 💼 The data indicates that 57% of USDC holders are institutional investors or whales!
New Liquidity: Bitcoin and altcoin market sentiment
Bitcoin and major altcoins have experienced a slight drop in the last seven days. 📉 However, the newly gained USDC liquidity of $795.72M could go into Bitcoin and other crypto projects as an even price reversal appears in a lower time frame! 📈
With recent favorable crypto policies in major nations like the U.S., China, and Japan and growing DeFi ecosystems, the new stablecoin liquidity could signal bullish momentum trends in the broader crypto market! 🌎
But, as always, keep an eye on whale activities and price volatility! 🐳💰
Read More
- OM/USD
- Carmen Baldwin: My Parents? Just Folks in Z and Y
- Jellyrolls Exits Disney’s Boardwalk: Another Icon Bites the Dust?
- Solo Leveling Season 3: What You NEED to Know!
- Disney’s ‘Snow White’ Bombs at Box Office, Worse Than Expected
- Solo Leveling Season 3: What Fans Are Really Speculating!
- Despite Strong Criticism, Days Gone PS5 Is Climbing Up the PS Store Pre-Order Charts
- Jelly Roll’s 120-Lb. Weight Loss Leads to Unexpected Body Changes
- The Perfect Couple season 2 is in the works at Netflix – but the cast will be different
- Netflix’s Dungeons & Dragons Series: A Journey into the Forgotten Realms!
2025-02-13 04:10