Circle Mints Over $10.5 Billion USDC on Solana in a Month
- Record Minting Volume: Circle minted over $10.5 billion worth of USDC on Solana in the past month, setting a new issuance record that underscores Solana's rise as a preferred chain for high-throughput dollar flows and DeFi activities.
- Accelerating Growth Trend: Circle minted $550 million USDC on Solana within just 12 hours, indicating a daily issuance rate of $750 million in early April, reflecting the increasing demand within the Solana ecosystem.
- Leading Stablecoin Transaction Volume: Solana processed approximately $650 billion in stablecoin transactions in February 2026, surpassing Ethereum for the first time, marking its dominance in stablecoin payments and trading, which has driven demand for USDC.
- Liquidity Risk Considerations: The concentration of over $10.5 billion in USDC on a single chain within a month raises concerns about liquidity clustering and systemic risk, as a major technical or regulatory shock to Solana could directly impact on-chain dollar liquidity.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 69.713 | 74.047 | 78.353 | 82.687 | 86.993 | 91.327 | 95.633 |
| Fibonacci | 74.047 | 77.347 | 79.386 | 82.687 | 85.987 | 88.026 | 91.327 |
About SOL
About the author
