Solana whale moves $25M of USDC debt from Solend to Mango Markets
The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth of USD Coin (USDC) debt to Mango Markets.
In a tweet, Solend shared that the whale has acted on the team’s suggestion to move their position across various lending protocols. The act reduces the utilization of USDC within Solend, allowing its users to withdraw their assets once more.
USDC utilization has dropped…