Circle minted $3.25B in $USDC on Solana last week, the largest single-week minting on the network in 2026, while $SOL trades at $79.54 on April 7, sitting below every major moving average with the Bull Market Support Band more than 30% above current price.
$SOL Daily Chart: Below Every EMA With Bull Market Support Band Far Above
$SOL peaked near $260 in October 2025 and has not looked back. Every major EMA is declining overhead: the 20-day at $83.34, the 50-day at $88.31, the 100-day at $100.77, and the 200-day at $121.67. Price has not closed above the 20-day since mid-March. The Bull Market Support Band, which spans $108.52 to $111.03, has been above price since November and continues to slope downward without $SOL making any meaningful attempt at it.
Related: Shiba Inu Price Prediction: SHIB Stuck At $0.0000058 As Burn Rate Collapses 89%
The February low at $67.44 is the last meaningful support below current price. Between $79.54 and $67.44, the chart offers no clear technical floor from the EMA or band framework. A daily close below $79 puts that February low back in view, and the descending trendline from the October peak is still intact above, converging toward the $90 to $95 zone.
Key levels:
- 20-day EMA resistance: $83.34
- 50-day EMA: $88.31
- Bull Market Support Band: $108.52 to $111.03
- February low: $67.44
- Descending trendline: $90 to $95
Circle Just Chose Solana For Its Biggest $USDC Week Of 2026
Circle minted approximately 3.25 billion $USDC on Solana over the past 7 days through multiple $250M mint transactions, marking the largest weekly stablecoin issuance in 2026. pic.twitter.com/RvKxCjPUwm
— Wu Blockchain (@WuBlockchain) April 6, 2026
Circle minted $3.25B in $USDC on Solana last week, the largest single-week minting on the network in 2026.
The deployment reflects Solana’s growing role in stablecoin infrastructure. Total $USDC supply has reached $77.58B, up from $60.2B a year ago, as capital flows into stablecoins during volatile markets.
Total stablecoin supply across all chains hit $317B in Q1 2026, and Solana is absorbing a growing share of that flow.
Solana Foundation Launches STRIDE And SIRN Security Programs
The Solana Foundation launched STRIDE and SIRN on April 7, both backed by Asymmetric Research alongside OtterSec and Neodyme.
STRIDE independently evaluates and publicly rates security across Solana projects, with funded threat monitoring for protocols above $10M TVL and formal smart contract verification above $100M TVL.
SIRN is a dedicated incident response network for the ecosystem. Institutional capital requires this kind of security infrastructure before committing at scale, and the timing alongside Circle’s record mint week is not coincidental.
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