#50 million USDC were burned.#
Hot Topic Overview
Overview
USDC Treasury has burned approximately 50 million USDC on the Ethereum chain, valued at around $50,000,255. The burn occurred at 17:35 Beijing time, as monitored by Whale Alert.
Ace Hot Topic Analysis
Analysis
USDC Treasury has burned approximately 50 million USDC on the Ethereum chain, specifically 50,002,550 USDC, valued at about $50 million. This event has drawn market attention, but there is no clear official explanation yet. According to reports, the burn occurred at 5:35 PM Beijing time and was monitored by Whale Alert. While the reason for the burn is still unclear, this move could be related to maintaining USDC's stability or other internal operations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
USDC
Treasury
destroyed
about
50
million
USDC
The
destruction
occurred
on
the
Ethereum
chain
The
destroyed
USDC
was
worth
about
50,000,2550
USD
The
reason
for
the
destruction
is
currently
unknown