Tether minted $2.1 billion USDT on Tron last week, but altcoin prices didn’t rise as expected. This could be due to several factors: the mint was likely "authorized but not issued," meaning the tokens weren’t yet in circulation to boost liquidity. Market sentiment may also have been bearish, driven by broader economic conditions or profit-taking after recent gains, dampening demand. Additionally, Tron’s high USDT supply ($61.7B) might indicate saturation, reducing the marginal impact of new mints. Historical correlations between USDT mints and price surges aren’t guaranteed, as other forces like Bitcoin’s dominance or regulatory news could have overshadowed the event. Without immediate issuance or strong bullish momentum, the mint alone couldn’t lift altcoin prices.
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I just collected "Farcaster: Lion"
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Love is when you’re willing to make sacrifices for the happiness and well-being of the other person.
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