Circle burned 50 million USDC on Ethereum.
My general approach to stablecoin data: a single burn is just a clue; look at the cumulative trend over a week. Only when consecutive burns are accompanied by a decline in stablecoin balances on exchanges does it indicate funds are leaving.
$BTC Current price: 82650. Are you following or sitting on the sidelines?
For the record only, not investment advice.
My general approach to stablecoin data: a single burn is just a clue; look at the cumulative trend over a week. Only when consecutive burns are accompanied by a decline in stablecoin balances on exchanges does it indicate funds are leaving.
$BTC Current price: 82650. Are you following or sitting on the sidelines?
For the record only, not investment advice.