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Reading: $51 Million Transaction in Popular Altcoin: Entirely Destroyed
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EdaFace Newsfeed > Latest News > Altcoin News > $51 Million Transaction in Popular Altcoin: Entirely Destroyed
Altcoin News

$51 Million Transaction in Popular Altcoin: Entirely Destroyed

vitalclick
Last updated: December 29, 2025 2:05 pm
3 hours ago
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Contents
51 Million USDC Coins Burned on Solana NetworkCoin Printing Continues at Full Speed ​​in Ethereum

Altcoin arm of Circle, one of the leading players in the stablecoin market USDCis going through a significant contraction in its circulating supply. Internal blockchain data reveals that USDC Treasury has permanently removed millions of coins from circulation on the Solana network. The latest burning move indicates that simultaneous burning and printing operations are continuing between different Blockchains at a time when supply management is accelerating. The development produced important signals regarding demand balances and Blockchain preferences in the stablecoin market.

51 Million USDC Coins Burned on Solana Network

According to in-blockchain data USDC Treasury He burned coins on the altcoin Solana for 51 million dollars. Making the data public Whale Alertreported that the transaction was completed within the last hours and 51,168,791 USDC were permanently removed from circulation. After the burn, the total supply of USDC dropped to 76.26 billion coins.

Coin Burn by USDC Treasury

altcoinThe burn mechanism in ‘s refers to the irreversible destruction of coins and is often used for supply optimization, treasury balance or demand-side adjustments. Although the price impact remains limited due to USDC’s one-to-one peg structure to the US dollar, it is a strong indicator of intra-Blockchain demand trends. The contraction in supply along with the transactions on Solana in recent days has brought to the agenda the possibility of users turning to alternative stablecoins.

The transaction in question also reveals that USDC’s operations in different networks are carried out synchronously. The fact that the burn is done in Solana suggests that network-based liquidity and usage preferences are being closely monitored. Issuer of stablecoin circleaims to dynamically adjust circulation with such steps.



Coin Printing Continues at Full Speed ​​in Ethereum

In parallel with the coin burn in Solana, USDC Treasury Ethereum carried out significant printing operations in its network. On December 27, approximately 90 million USDC were seen to be minted on Ethereum. Considered together with the previous additional printing of 60 million, it appears that the supply has been redistributed between networks. Although there is no official statement from Circle, coin printing is interpreted as a routine treasury management to meet increasing demand.

The timing is quite remarkable. Close payments giant in Solana VisaIt came right after ‘s introduction of USDC settlement processes in the USA. Visa announced the infrastructure that allows banks to complete transactions using USDC over the Solana network. This development diversifies network-based usage scenarios and also explains why supply management is accelerating.

On the corporate front, Circle’s regulatory progress also rounds out the process. By obtaining a Financial Services Permit in Abu Dhabi, the company will be able to operate as a money services provider within the Abu Dhabi Global Market. This approval, which came in the last quarter of 2025, expands the global usage area of ​​USDC and reveals why treasury operations are carried out in a multi-blockchain structure.

Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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