A post by @whale_alert on X.

USDC Treasury minted 107,000,000 USDC (worth $107,029,318), according to a Whale Alert transaction report. The issuance, flagged by on-chain monitoring service Whale Alert, adds to the stablecoin's circulating supply and typically signals new capital preparing to enter crypto markets, as large USDC mints often precede purchases of assets like BTC and ETH on exchanges and DeFi protocols. USDC, issued by Circle, is the second-largest stablecoin with a circulating supply of roughly $60 billion and is deployed across chains including Ethereum, Solana, Base, and Arbitrum. Large mints are closely watched by traders as a potential proxy for incoming buying demand, though minted tokens can also sit idle or back redemptions. Market participants will monitor whether the newly minted $107 million flows onto exchanges or into DeFi lending protocols such as Aave or Compound, and whether further USDC issuance follows.