Whale Alert flagged a 250 million USDC mint around 2 a.m. on July 18; social media posts suggested the new supply may have added dollar liquidity to Solana, but that linkage remains unconfirmed.
USDC saw a new issuance of 250 million tokens at around 2 a.m. on July 18, equivalent to roughly $250 million or about 40.6 billion yen, according to Whale Alert. Separately, a social media account, @martypartymusic, said Solana had gained $250 million in USDC liquidity, involving the native SPL-token version of USDC issued by Circle. The mint could indicate fresh stablecoin liquidity entering crypto markets and, if the Solana claim is accurate, may support trading and DeFi activity on the network, but the source material does not independently confirm the destination or use of the newly created tokens.