$250M USDC minted on Solana, Tether adds $127.5M to Drift recovery pool

Another $250 million in USDC was minted on Solana an hour ago, coinciding with Tether’s $127.5 million infusion into Drift Protocol’s recovery pool. Solana’s price prediction for April 13-19 sits at 0.1% YES to reach $150.

The $250 million USDC mint and Tether’s contribution came after the recent exploit of Drift Protocol. The April 13-19 market has odds stuck at 0.1% for Solana hitting $150 this week. The April 2026 market could see sentiment shift if institutional backing continues at this pace.

Neither market shows recent trading activity, pointing to limited engagement from retail participants. The minting and Tether’s recovery pool contribution haven’t moved the needle on these contracts yet.

At 0.1¢, a YES share pays $1 if Solana reaches $150 by April 19, a 1,000x return. For that price to move, traders would likely need a concrete catalyst: a major protocol upgrade, a new institutional deployment on Solana, or a broader crypto rally pulling SOL above current resistance levels.

Watch for Solana Foundation announcements and further institutional capital flows into the Solana ecosystem, particularly any follow-on activity tied to the Drift Protocol recovery.