Just spotted a massive burn transaction—over 50.6 million USDC tokens vanished from the Treasury wallet, equivalent to roughly $50.62M. This type of on-chain activity typically reflects supply adjustments by Circle, the stablecoin issuer, managing USDC circulation based on redemption requests. Such large-scale burns aren't uncommon but always worth tracking as they directly impact the token's circulating supply. For those monitoring stablecoin dynamics, these Treasury movements offer insights into real-time demand and liquidity flows across crypto markets.