The USDC Treasury has burned 98,469,098 USDC on the Solana blockchain and minted an equivalent amount on Ethereum, as reported on December 29. This transaction, highlighted by Whale Alert, underscores the ongoing trend of token migration between blockchains, reflecting strategic adjustments in liquidity management. The move is part of a broader pattern of shifting digital assets to Ethereum, a network known for its robust infrastructure and widespread adoption.