The Largest Circle USDC Transfer Just Happened: 3 Possible Explanations

Circle just moved 4.397 billion USDC to a Coinbase-linked wallet on HyperEVM, setting a new record for the largest USDC transaction ever recorded: Arkham shared in a recent tweet. To put that into perspective, USDC’s circulating supply is around $76 billion, meaning this single transfer accounts for almost 6% of every USDC token in existence.