USDC Treasury Burns $113M+ on Solana in Late Oct–Early Nov

Published: 2025-11-07 01:03:29 |

USDC Treasury executed two consecutive burns on Solana. On October 29, it destroyed 95.5 million USDC (~$9.55 million). Then on November 7, it burned 104.3 million USDC (~$104.3 million). Whale Alert tracked both transactions as part of routine stablecoin supply management. These burns reduce USDC supply on Solana to match reserves. Traders can monitor on-chain data for redemption signals. The market impact on USDC’s price has been neutral, though Solana liquidity may shift slightly.

Neutral

The dual USDC burns on Solana are routine redemption-driven operations with negligible price effects. In the short term, reducing USDC supply on Solana may tighten liquidity slightly, potentially affecting trading depth on the network. However, these actions align circulating tokens with reserve levels without altering demand fundamentals, maintaining price stability. Historically, stablecoin burns have had neutral to marginal impacts, reinforcing issuer transparency rather than driving market moves. Over the long term, consistent supply management by the issuer supports confidence, aiding stablecoin stability but not sparking bullish or bearish trends.