Circle minted 250 million USDC on Solana in one go, and $SOL was down 0.59% that day, as if nobody had even noticed. Stablecoins being minted just means they’re sitting on-chain; it doesn’t mean anyone is using them to buy crypto. I usually watch to see whether the money actually moves into exchanges over the next few days. The minting itself doesn’t tell you much.

#SOL