Recent transactions in the cryptocurrency market indicate a surge in activity surrounding USD Coin (USDC). On March 19, 2025, 700 million USDC was transferred to Coinbase, suggesting that large investors, or 'whales', are preparing to boost the market. Following this, an additional 250 million USDC was minted, bringing the total minted to approximately 249,941,500 USD. The minting of USDC has continued, with several transactions reported, including multiple instances of 50 million USDC minted on March 20 and 21. In total, around 77.1 million USDC was minted on March 21 alone. Concurrently, significant amounts of USDC have also been burned, including 80 million and 50 million USDC on March 21. These developments are interpreted by some market participants as a precursor to potential upward price movements in the cryptocurrency market, particularly ahead of the upcoming Federal Open Market Committee (FOMC) meeting.