Circle minted $3.25 billion USDC on Solana from April 5 to 12, 2026. Latico News Dune Analytics queries confirm the total. Solscan explorers verify the transactions. Pepeto launched as a Solana meme token targeting 100x gains.
Circle attributes the mints to surging DeFi demand on Solana.
Solana Stablecoin Surge Breakdown
USDC mints peaked at $850 million on April 10, 2026. Latico News aggregates Solscan and Dune Analytics data for the $3.25 billion total over April 5-12. This reflects a 141% rise from the prior week's $1.35 billion, per the same sources.
Circle's dashboard matches these figures. Arkham Intelligence labels reveal institutions drove 62% of the volume. Retail wallets claimed the remaining 38%.
DeFi protocols captured the liquidity. Jito and Kamino absorbed $1.2 billion combined, according to DefiLlama TVL data as of April 12, 2026.
Market Sentiment Snapshot
Alternative.me's Crypto Fear & Greed Index hit 16 on April 12, 2026. Bitcoin traded at $71,643 on CoinMarketCap, down 1.6%. Ethereum reached $2,215.25, off 0.9%.
USDT held $1.00. XRP dropped to $1.33, down 1.4%. BNB fell to $593.93, down 2.1%—all CoinMarketCap prices at 23:59 UTC April 12.
Solana bucked the trend. SOL climbed 4.2% to $145.67, per DefiLlama April 12 data.
Pepeto's Entry into the Fray
Pepeto debuted on Solana April 10, 2026. DexScreener reports a $12.4 million market cap by April 12. The meme token eyes 100x growth to $1.24 billion.
OpenPR.com outlines Pepeto's mechanics: 50% of supply locks into liquidity pools. Holder count surged 320% to 8,200, Birdeye.so confirms.
Trading volume hit $45 million in 48 hours. Latico News on-chain data shows top 10 wallets hold 15% of supply, hinting at volatility. Broader top holders control 45%.
Pepeto leverages Solana's 400-millisecond transaction speeds, per Solana Beach April 12 metrics.
Solana's Technological Edge
Solana processed 45 million transactions on April 12, 2026. Dune Analytics ties 28% to stablecoin activity. USDC supply on Solana jumped 15% to $8.7 billion.
The network supports 65,000 TPS capacity. Circle prefers Solana's sub-$0.00025 fees, Helius RPC data verifies.
Solana surpassed Ethereum, which minted $1.1 billion USDC last week—a 12% drop per Ultrasound Money. Solana captured 75% of new Circle USDC supply.
Solana DeFi TVL climbed to $4.2 billion. Jup.ag and Raydium dominated, DefiLlama reports April 12.
Fintech Implications
The $3.25 billion mint signals liquidity rotation. Institutions chase 12-18% APY in yield farming, RiskDAO analytics indicate.
Pepeto fuels retail speculation. Its 100x ambition mirrors 2021 memes, though fear moderates expectations. Latico News DexScreener analysis shows 4.2x average peaks for 15 similar launches.
Solana fintech expands. Helio handles $220 million monthly USDC remittances, per company reports.
SEC attention grows. April 11 filings highlight USDC's Solana expansion.
Data-Driven Review
Latico News analyzed 2.1 million Solana transactions from April 5-12. A custom Dune dashboard links $3.25 billion mints to 142 addresses. PeckShield scores Pepeto's contract 92/100.
Solana infrastructure shines. USDC delivers stability; Pepeto offers high-risk speculation.
Risks persist. Extreme fear correlates with 68% meme token drawdowns, TokenTerminal 2023-2026 data reveals.
Solana Stablecoin Surge Outlook
Pepeto lacks long-term holder data. The Solana stablecoin surge's staying power hinges on June 2026 Fed rate cuts.
Latico News monitors Dune queries daily for redemptions, Pepeto unlocks, and sustained inflows.
