In a notable surge of activity, the USDC Treasury has minted a total of $354 million in USD Coin (USDC) as of January 21, 2025. This includes $250 million minted earlier in the day and an additional $104 million later. Furthermore, $800 million has been transferred to Coinbase within a 10-hour window, contributing to a total of nearly $1 billion in USDC minted recently. The recent minting activity is reportedly linked to the launch of the $TRUMP token on the Solana blockchain, with $2.5 billion minted over the past four days. Market participants are anticipating upward price movements as a result of this influx of liquidity.